Influencer @kimchi1x removed Pump.fun from his bio just two days after promoting it, coinciding with a sharp decline in the platform's activity. During that window, Pump.fun's revenue dropped 16% from $1.61M to $1.35M, while active addresses fell 11% from 178,539 to 159,492.
Reports indicate @kimchi1x may have received 1.35 billion PUMP tokens, valued at approximately $6.25 million, as marketing fees during the promotional period. The abrupt removal of the endorsement and subsequent metrics drop have raised questions about the sustainability of influencer-driven memecoin launches on Solana's dominant launchpad.
Pump.fun Revenue Drops 16% After Influencer Kimchi1x Removes Endorsement From Bio
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