[Kimchi Market Cap Drops Over 50% from Peak, Top Whale Faces Over $50,000 Unrealized Loss] Odaily Planet Daily News: The market cap of the Solana-based meme token Kimchi reached $40 million yesterday but has since continued to decline, currently standing at $21.51 million, a drop of over 50% from its peak. A certain whale invested $144,000 when the token's market cap was $33.7 million and is now facing an unrealized loss of over $50,000. Previously, the token was inspired by influencer trader Kimchi (@kimchi1x). Kimchi currently holds 75.32% of the total supply of this meme token.