Pump.fun's KIMCHI Token Plummets 95% After QR Code Promotion Disappears
The token linked to Pump.fun's co-founder Alon crashed following the disappearance of a QR code promotion.
The token linked to Pump.fun's co-founder Alon crashed following the disappearance of a QR code promotion. Pump.fun (PUMP) is trading at ₹0.434771 ($0.004581), down 0.1% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Fri, 23 Oct 2026 10:15:01 UTC.
The sudden crash of KIMCHI token highlights the volatility and risks associated with meme coins and promotional-driven tokens in the crypto market.
- KIMCHI token crashed 95% after a QR code promotion linked to Pump.fun co-founder Alon disappeared.
- Lookonchain reported $385K in suspected trading profits from the incident.
- PUMP token also saw a 4.35% drop in the past 24 hours.
- PUMP Token Fails to Hold Key Support Despite Buyback Efforts
- Pump.fun Faces 79% Token Dropout, Signaling Memecoin Fatigue
- Pump.fun's KIMCHI Token Plummets 95% After QR Code Promotion Disappears — this brief
- Trader Kimchi Accused of Pump-and-Dump Scheme After Token Plummets 98%
The KIMCHI token, associated with the decentralized exchange 
Pump.fun, crashed by 95% after a QR code promotion linked to co-founder Alon mysteriously disappeared.
The incident was flagged by blockchain analytics firm Lookonchain, which reported that the wallet linked to the promotion had made $385,000 in suspected trading profits.
The sudden disappearance of the QR code and the subsequent crash have raised concerns about potential market manipulation or insider trading.
This incident comes amidst a generally flat market, with the total crypto market cap hovering around $2.8 trillion and 
Bitcoin showing a slight 24-hour decline of 0.66%.
The Pump.fun native token PUMP also experienced a 4.35% drop in the past 24 hours, although it has managed a 1.25% gain over the last seven days.
Since this brief published about 2 hours ago, Pump.fun (PUMP) has moved from ₹0.435305$0.004587 to ₹0.434771$0.004581 — -0.12%.
The chart plots PUMP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 PUMP ≈ ₹0.476455 (about $0.004581), down 4.4% over 24 hours. The rupee itself trades about 9.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Pump.fun's KIMCHI Token Plummets 95% After QR Code Promo — questions & answers
What caused the KIMCHI token to crash?
The crash was triggered by the disappearance of a QR code promotion linked to Pump.fun co-founder Alon.
How much profit was reportedly made from the incident?
Lookonchain reported $385,000 in suspected trading profits.
What is the current market status of PUMP token?
PUMP token is currently priced at $0.00458692, with a 24-hour decline of 4.35%.
How much is 1 Pump.fun worth in rupee today?
About ₹0.476455 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.004581. The rupee price moves with both PUMP's US-dollar price and the USDT/INR rate; use our Pump.fun in rupee page for any amount.
Has Pump.fun's price moved since this brief was published?
PUMP is down 0.12% since this brief first published — trading at ₹0.434771 ($0.004581) now versus ₹0.435305 ($0.004587) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.