If you wondered where all your money is gone this week while trenching.
Alone 9 Wallets have made over $600K+ in creator fees. Many of these tokens are already down 50%-90% from ATH.
347,575 new coins were launched JUST this week.
$KIMCHI on-chain check 👇
Deployer minted & took 79.3% of supply at launch
57 seconds later -> sent 750M (75%) to Gs5F…GYeX, Kimchis profile
Then dumped the remaining ~43M in under 40 seconds
Kimchi still holds 75.33% today. Pool liquidity ~$400k
DEVs are the real winners this cycle.
Carlos and Leon raise some interesting questions about $Kimchi
“I did not buy in at $30m, I think at that price it is fucked up”
“Frankly speaking, it’s not something I want to support and I don’t think it will go as high at $Ansem”