Wallet Loses $88,000 in Two Days After Buying $144,000 Worth of Kimchi
An unidentified address bought Kimchi tokens for $144,000 and lost $88,000 over two days, according to Binance citing Odaily.
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what happened
According to Binance, which cites Odaily, an unidentified address spent $144,000 buying Kimchi tokens. Over two days it lost $88,000, and the value of its assets fell 61.31%.
On-chain analyst Ai Yi, quoted by Odaily, said the address still holds most of the tokens it bought.
why it matters
The story concerns a single wallet and a single token, so its market impact is limited. Such cases highlight the high risk of speculative memecoins for retail buyers, but they do not set the direction of the broader crypto market.
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- Address Loses $88,000 in Two Days After Buying Kimchi for $144,000 — Binance, 23 October 2026 at 02:54 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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