Kimchi May Have Received 1.35B PUMP Tokens as Pump.fun Revenue Fell
Trader Kimchi removed Pump.fun from his profile two days after the platform announced their partnership. During that period, Pump.fun revenue fell 16%, from $1.61 million to $1.35 million, while active addresses declined 11%, from 178,539 to 159,492. Lookonchain said Kimchi may have received 1.35 billion PUMP tokens, worth about $6.25 million, as a marketing fee. Pump.fun co-founder Alon announced the collaboration on October 21, describing Kimchi as a figure who could bridge crypto and popular culture. The figures show a short-term decline in Pump.fun activity, but the report does not establish that the partnership caused it.
Neutral
The news is neutral for the broader crypto market and mildly negative for sentiment around Pump.fun. The reported 16% revenue decline and 11% drop in active addresses indicate weaker platform activity over the two-day period, while Kimchi’s removal of Pump.fun from his profile may raise questions about the partnership’s visibility or effectiveness. However, the figures cover a very short window and do not show that the collaboration caused the declines. The possible 1.35 billion PUMP payment is a marketing arrangement, not confirmation of a token sale or sustained selling pressure. In the short term, PUMP traders may watch platform revenue, active addresses, and any token transfers by Kimchi for signs of demand or distribution. Similar influencer-promotion stories can prompt brief volatility, but their longer-term effect tends to depend on whether they produce lasting user growth. Without evidence of a broader market or liquidity impact, the report does not support a directional view for crypto markets overall.