Kimchi's market cap has fallen over 50% from its peak, with the top whale sitting on an unrealized loss of over $50,000

Odaily reports: The Solana on-chain meme coin Kimchi briefly reached a market cap of $40 million yesterday before continuing to decline, now sitting at $21.51 million, down over 50% from its peak. One whale invested $144,000 when the token's market cap was $33.7 million and is currently sitting on an unrealized loss of over $50,000. Previously, the token was inspired by internet-famous trader Kimchi (@kimchi1x), who currently holds 75.32% of the meme coin's total supply.