Kimchi allegedly made $40,000,000
So I have investigated everything he has posted on social media
Here’s what I found and what I think about the myth:
The account was created in May 2019
- but almost no public early timeline remains
- he was looking for opportunities in 2022
- watching wallets
- following traders
2024
- becomes more established inside memecoin circles
- operates like a “trench trader” (?)
his “likely” edge
- speed
- timing
- wallet tracking
- private group information
January 26, 2025
- appears in Orangie Web3 content
- video titled “Day In The Life Of A Memecoin Millionaire”
social circle
- Orangie
- Ethan Weng
- Aiden Chen
- crypto creators
- Solana memecoin traders
- Donald Trump launches the official $TRUMP memecoin
- a small group of early traders makes tens of millions
Kimchi’s alleged trade
- public narrative says he made around $40 million
- some clips claim it happened in one hour
- others describe it as one trade
what is confirmed
- $TRUMP had enough volume and liquidity for traders to make tens of millions
- multiple traders publicly tracked by analytics firms made eight-figure profits
what is not confirmed
- his exact wallet
- his entry size
- his average entry price
- his average exit price
what the trade would have required
- $400,000 at 100x
- $1 million at 40x
- $2 million at 20x
- $5 million at 8x
but buying early was only half the trade
he also needed to
- enter before global attention arrived
- hold through extreme volatility
- avoid selling too early
- avoid holding too long
- distribute a huge position into retail liquidity
- turn paper gains into realized money
Is this myth true or could it just be larp at this point?
- born in South Africa
- moves to North America
- co-founds Zip2 in 1995
- sells it to Compaq for $307M
- founds in 1999 merges it with Confinity
- the company eventually becomes PayPal
eBay acquires PayPal for $1.5B
- becomes a multimillionaire before 32
- founds SpaceX in 2002
- wants to make humanity multiplanetary
- invests in Tesla in 2004
- co-founds SolarCity in 2006
- Tesla later acquires it
- SpaceX develops the Falcon 9 rocket
makes reusable orbital rockets commercially viable
- develops Dragon to transport cargo and astronauts
- helps restore crewed orbital launches from US soil
- co-founds OpenAI in 2015
- leaves its board in 2018
- co-founds Neuralink in 2016
- wants humans to control computers using their brains
- launches The Boring Company
- starts building underground transportation tunnels
- SpaceX launches Starlink
- deploys thousands of satellites into orbit
- brings internet access to remote areas worldwide
- expands into batteries, solar energy and grid storage
- buys $1.5B worth of Bitcoin in 2021
- buys Twitter for $44B in 2022
- fires thousands of employees and renames the platform X
- founds xAI in 2023
- launches Grok
- wants to send humans to Mars
- launches the first flying car
Elon Musk