Kimchi Wallet Profit Surges 11,000% on STAR Token Flip

On-chain data reveals a Kimchi-linked wallet executed rapid arbitrage on STAR, DADDY ANSEM, and MUVA, generating tens of thousands in profit within minutes of deployment.

Woofun AI data shows that a wallet associated with Kimchi engaged in immediate trading activity following the deployment of several tokens. On May 30, 2024, the address purchased STAR tokens for 2.96 SOL ($407) within the same minute as the STAR deployment and later sold them for $45,600. Similar patterns emerged on June 11 with DADDY ANSEM, where a $730 investment yielded $14,600, and on June 26 with MUVA, where a $407 buy resulted in a $53,000 exit. Investigator Specter identified five additional wallets involved in the MUVA trade but noted no verifiable evidence linking Kimchi to eight-figure profits from the TRUMP token.