Kimchi-associated wallet accused of buying and selling shortly after token listings like STAR to profit

Odaily Odaily Planet Daily News According to on-chain detective Specter's monitoring, the wallet (2yu...BMC) publicly shared by Kimchi in a reply on X in April 2024 is associated with trading activities following the listing of multiple tokens. On May 30, 2024, at 13:41 UTC, within the same minute after the deployment of STAR, the Kimchi-associated wallet bought tokens for 2.96 SOL (valued at $407) and later sold them for $45,600. On June 11, 2024, at 23:38 UTC, two minutes after the deployment of DADDY ANSEM, the wallet bought for 4.94 SOL (valued at $730) and later sold for $14,600. On June 26, 2024, at 22:45 UTC, one minute after the deployment of MUVA, the wallet bought for 2.9 SOL (valued at $407) and later sold for $53,000. Specter also stated that an exchange deposit address clustering revealed 5 other wallets involved in the same MUVA listing bundle trade; there is currently no verifiable evidence to prove that Kimchi made eight-figure dollar profits from the TRUMP token.