- Event
- First reported
- Last checked
- · reviewed
Summary
Reports differ. Lookonchain (via crypto.news) gives a peak of about $14M and a fall of more than 95%. Protos gives $14M, then about $600,000 within minutes. FinanceFeeds gives about $15M and a fall of more than 98% to $284,000. On 27 October our own API read showed about $122K–$130K, depending on the pool.
What the sources support
Attributed observations listed separately. We do not average them.
- That reported market capitalisation rose sharply and then fell by most of its value.
What remains unresolved
- The precise peak and the time of each observation. No historical price dataset with timestamps is used here.
- How much money traders actually put in, took out or lost.
Limits of this receipt
- Market cap is not cash stolen, money deposited or traders' realised losses.
- Lookonchain's own post is now inspected directly. Its wallet attribution and price observation remain analyst claims, not UNREPOST's own chain reconstruction.
The screenshots

Lookonchain post on the Project Kimchi peak and decline (linked from crypto.news)
Redacted view · Change in Settings
Lookonchain's account of the repost, the undo and the price collapse, with its transfer tables. 4 separately captured carousel views are labelled and joined vertically.
- Source
- S47 x.com
- Post date shown
- 3:07 PM · Oct 23, 2026
- Screenshot taken
Edits & limits
What UNREPOST changed:
- Cropped to the target post, preserving its text, visible attachments and date/time line; unrelated replies, side panels and lower reply-filter controls omitted.
- 4 separate normal-browser carousel views are labelled Part N of K and joined vertically without resizing; the result is not presented as one continuous screenshot.
- Photographs of people, including portrait avatars where present, covered with visible labelled boxes.
- Provenance strips give x.com, capture UTC, sign-in state, displayed date/time and the meaning of each redaction label.
Limits:
- A screenshot records what X displayed at capture time, not whether the author's claims are true.
- A current screenshot does not authenticate earlier edits, deleted originals or screenshots attached by another author.
- A post is its author's claim or opinion. Allegations in it are not findings.
- Wallet attribution and the word “scammers” are Lookonchain's analysis, not findings.

GeckoTerminal: the Project Kimchi pool's market cap, whole life
The spike and collapse in one picture, from a market page that did not block us.
- Source
- S38 www.geckoterminal.com
- Dated
- Chart through 28 Oct 2026 (12-hour candles, one-month range)
- Screenshot taken
Edits & limits
What UNREPOST changed:
- Cropped to the chart and token panel. Chart set to market cap, 12h candles, one-month range.
- An advertisement and the token's profile photo are covered (marked).
- Provenance strip added below the image.
Limits:
- A provider's display, not UNREPOST's own observation. The peak differs from other observers' numbers in R-B04.
- Times on the chart are UTC+8.
All images: image archive.
Attributed observations
Separate observations, never averaged. Market cap is not money lost or taken.
| Observer | Metric | Value | When | Via |
|---|---|---|---|---|
| Lookonchain (via crypto.news) | Peak market cap | ≈ $14M | Reported 23 Oct 2026 07:57 UTC; observation time not given | S04 |
| Lookonchain (via crypto.news) | Decline from peak | > 95% | Reported 23 Oct 2026 | S04 |
| crypto.news (unnamed observations) | Decline from peak | closer to 99% | Reported 23 Oct 2026 | S04 |
| Protos | Peak → minutes later | $14M → ≈ $600,000 | Reported 23 Oct 2026 | S05 |
| Protos | Market cap at writing | ≈ $183,000 | 23 Oct 2026, time not given | S05 |
| FinanceFeeds | Peak → later | ≈ $15M → $284,000 (> 98%) | Reported 23 Oct 2026 09:40 UTC (metadata) | S13 |
| UNREPOST (DEX Screener API) | Market cap, PumpSwap / Meteora pools | $122,242 / $130,418 | 27 Oct 2026 16:20 UTC · Current observation only. It is not the historical low. | S11 |
| GeckoTerminal (pool page) | Market cap, as displayed | $91.5K | 28 Oct 2026, 08:57 UTC · chart shows the 22 Oct spike; see the image | S38 |
Identifiers
- Project Kimchi mint
- B1Y2fJW8rtirrBuUcda14pSaeiASHaGqTxQdxU8Mpump Open explorer solscan.io
Token identities involved
Evidence tokens, kept apart by mint. Not $UNDO. No trading links.
22 October Project Kimchi (QR-code token)
B1Y2fJW8rtirrBuUcda14pSaeiASHaGqTxQdxU8Mpump
Basis
Protos (S05) links this DEX Screener market as the QR-incident token. We resolved the identifier through DEX Screener's API (S11), which lists it as the base token, and through our RPC read (S14), which confirms it is a mint.
Sources
- Its market and wallet figures are attributed to Lookonchain. Until the Lookonchain originals are retrieved, they are secondary support for Lookonchain's claims.
- The article itself warns that market capitalisation is not money lost, and that wallet transfers do not show who controlled the addresses.
- Market figures such as $14M, about $600,000 and about $183,000 are reported without timestamps, apart from the article date.
- Competing explanations come from named X users. Protos does not settle them.
- The ~$15M peak and $284K value are the article's own reporting, without a named data source or timestamp.
- It calls the event the 'October 23 collapse'. Other reports and the pair-creation time place the QR-code episode on 22 October UTC, so the date label may reflect a different timezone.
- A live market page supports observations at the time they were retrieved, nothing more. It is not a historical record of the peak.
- Market capitalisation is price multiplied by supply. It is not cash invested, cash withdrawn or traders' realised losses.
- This is X's live rendering on 28 Oct 2026. The post may have been edited before then, and X truncates long text.
- A post is its author's claim or opinion. Allegations in it are not findings.
- A provider's chart and figures, as displayed. Other observers report different peaks (see R-B04).
- The chart's candles summarise trades; a wick is not a price anyone necessarily sold at.
- A screenshot records what X displayed at capture time, not whether the author's claims are true.
- A current screenshot does not authenticate earlier edits, deleted originals or screenshots attached by another author.
- A post is its author's claim or opinion. Allegations in it are not findings.
- Wallet attribution and the word “scammers” are Lookonchain's analysis, not findings.
Responses, rebuttals & corrections
No response from the people or companies discussed was located as of the cutoff. That does not mean none exists. Send one.
Correction C-0002 ·
Updated source-access and image-acquisition descriptions after a direct x.com recheck. Current receipt wording now identifies the inspected original posts, while deleted originals remain uninspected and analyst/author claims retain their limits.
A signed-in normal browser made the current post views available on 28 October 2026. Earlier capture-service/embed records and their access history are preserved; this does not authenticate deleted originals or prove the posts' allegations.
R-A06.supportSummary: "Two independent news reports (different origin groups) plus the complaint itself."
R-B01.summary: "Protos reports that Kimchi and Pump.fun worked together on the 'Pill Your Friends' campaign, and that Alon Cohen called Kimchi 'the first ever example of a trader becoming a celebrity'. A capture of Alon's 20 October post shows similar language and says Kimchi would help set creative direction."
R-B01.eventDateNote: "The status ID decodes to 20 October 2026, 23:19 UTC. That time is derived from the ID, not displayed by an original we inspected."
R-B01.supportSummary: "A third-party capture of the post (the original returned HTTP 402) and Protos's account."
R-B01.limitations: ["The original post was not inspected. A capture service supplied the text."]
R-B03.limitations: ["UNREPOST has not seen the deleted posts. They are not presented as inspected originals.","No capture of Kimchi's QR-code post or of Alon's repost was located, so neither is pictured. The poster image shown comes from a third party's refund demand (S15).","A repost and its removal do not by themselves show coordination, intent, wallet ownership or profit."]
R-B04.limitations: ["Market cap is not cash stolen, money deposited or traders' realised losses.","The Lookonchain figures are secondary: the original post was not inspected (S17)."]
R-B05.limitations: ["The Lookonchain original was not inspected (S17).","This estimate must not be combined with Bitquery's figure for the separate 20 October token (R-B02)."]
R-B06.summary: "A captured post by @tontheneko asks Alon to refund people who lost money on the coin he reposted, arguing that he should have checked it first. crypto.news reports this demand as an allegation and says it found no verified refund arrangement."
R-B06.eventDateNote: "The status ID decodes to 22 October 2026, 20:54 UTC. That time is derived from the ID. The capture was taken 23 October, 01:01:31 UTC."
R-B06.supportSummary: "A capture of the demand and a news report that describes it."
R-B07.supportSummary: "Several reports describing competing explanations, with no attributable confirmation."
R-B08.supportSummary: "Two reporting origins: 99Bitcoins, with its two syndications counted once, and Protos."
R-B09.eventDateNote: "The thread's status IDs decode to 22 October 2026, 10:39 UTC. That time is derived. Post 1/ was captured 23 October, 00:43:41 UTC; posts 2/ to 4/ on 26 October, 20:03:32 UTC."
R-B09.supportSummary: "The analyst's own thread, posts 1/ to 4/, via captures, and two reports that cite it."
R-C01.supportSummary: "One news report linking several participants' posts."
R-C02.supportSummary: "A single news report."
R-C03.summary: "A capture of Alon's post shows him announcing 'the BIGGEST competition we've ever hosted on the Pumpfun app': $2.5M for the top three Squads by PnL over two weeks. Per the capture, the quoted Pump.fun post set the sign-up deadline at Monday, 26 October. Protos reports that critics say the format favours large KOL groups."
R-C03.supportSummary: "A third-party capture of the announcement and a news report."
R-C03.supports: ["The announced prize structure and dates, as captured."]
R-C03.unresolved: ["The terms as finally run. The capture notes the post was later edited."]
R-C03.eventDateNote: "The status ID decodes to 23 October 2026, 15:05 UTC. That time is derived. The capture was taken 24 October, 00:36:32 UTC."
Related receipts
Revision history
| Revision | Date | Change |
|---|---|---|
| 4 | Added a Settings choice between redacted and original post screenshots without redactions. The default remains redacted; capture dates, source attribution and claim limitations are unchanged. Release 2026.10.29-r6. | |
| 3 | Replaced linked capture-service/embed images with reviewed direct x.com screenshots; added sources S47. Full text, attachments, visible timestamps and labelled redactions were checked. Earlier sources and revisions remain available; claim limitations are preserved. Release 2026.10.28-r5. | |
| 2 | Added GeckoTerminal's pool page (S38) and its displayed market cap; the Lookonchain post (S17) is now opened. Release 2026.10.28-r4. | |
| 1 | First publication in release 2026.10.28-r1. |