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Security Incident · Solana Ecosystem

Kimchi Token Rug Pull: $385.00K Reported Loss

·Source-attributed incident record

Incident Overview

The Solana-based $kimchi token surged to a ~$14 million market cap after KOL @kimchi1x received 500M tokens and posted about it (with a repost by @a1lon9). The repost was later undone, the original post deleted, and the price crashed over 95%. On-chain analysis showed scammers used multiple wallets to buy low and sell high for over $385K in profit — a suspected coordinated KOL pump-and-dump rug pull.

Sources & References

Original incident referencehttps://x.com/lookonchain/status/2113527634999279887 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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