http://Pump.fun is facing backlash over pseudonymous trader Kimchi and it's not only about a marketing campaign. Here's what onchain records say happened Tuesday night, ET: 7:00:15 pm — A 3-hr old Solana wallet creates the Kimchi coin and buys 79% of the supply for about $9,300. Same second — That wallet routes every creator fee the coin will ever pay to one address. http://Pump.fun’s own docs say this can only be set once. It can’t be changed. 6 seconds later — @kimchi1x posts on X, his first post in five days (a picture of him standing next to a luxury car) 57 seconds later — 750 million tokens, 75% of the supply, are sent to the same address that's collecting fees. 78 seconds later — http://Pump.fun runs an ad telling normies to "be the next kimchi" 19 minutes later — Co-founder Alon Cohen announces the partnership. 54 minutes later — http://Pump.fun posts: “KIMCHI MADE $32,000,000 ON PUMPFUN 30 MINS AFTER JOINING.” That $32 million is the paper value of tokens he has not sold. 75% of the supply sits in one wallet against $1.33 million of liquidity. Every timestamp above comes from Solana block times and X post IDs. Read more here: https://thedefiant.io/news/tokens/kimchi-coin-minted-before-pump-fun-ad-fee-routing