StarPlatinum

Solana just had its event in China shut down. And the funniest part is that CZ basically warned about this one day earlier. First Solana Foundation announced that it has opened an office in Pudong, occupying one of the highest commercial office spaces All of this in a country where crypto is heavily restricted. A day before CZ notices Solana’s expansion and publicly comments on how surprising it is. He says it’s amazing that Solana can advertise and open an office in China. (Especially considering BNB Chain hasn’t been able to do the same) Sounds pretty reasonable, right? Well, less than 24 hours later… The first event was supposed to take place at the Shangri-La hotel in Shanghai. The event was scheduled to begin at 10 AM. Instead, attendees arrived to find police officers at the venue. You genuinely cannot make this stuff up. Around noon, organizers sent an apology email arguing “Venue logistics considerations.” CZ them posted: “Sad to see. Looks like they really didn’t know the local policies?” And reminded everyone that something similar had happened less than a year ago. I’ve seen people joking that he snitched on them. I actually respect Solana’s ambition to expand into one of the biggest markets But I think there’s a difference between building blockchain infrastructure in China and publicly promoting a crypto ecosystem This week Solana might have crossed that line and CZ is probably thinking he told them so.

Kimchi allegedly made $40,000,000 So I have investigated everything he has posted on social media Here’s what I found and what I think about the myth: The account was created in May 2019 - but almost no public early timeline remains - he was looking for opportunities in 2022 - watching wallets - following traders 2024 - becomes more established inside memecoin circles - operates like a “trench trader” (?) his “likely” edge - speed - timing - wallet tracking - private group information January 26, 2025 - appears in Orangie Web3 content - video titled “Day In The Life Of A Memecoin Millionaire” social circle - Orangie - Ethan Weng - Aiden Chen - crypto creators - Solana memecoin traders - Donald Trump launches the official $TRUMP memecoin - a small group of early traders makes tens of millions Kimchi’s alleged trade - public narrative says he made around $40 million - some clips claim it happened in one hour - others describe it as one trade what is confirmed - $TRUMP had enough volume and liquidity for traders to make tens of millions - multiple traders publicly tracked by analytics firms made eight-figure profits what is not confirmed - his exact wallet - his entry size - his average entry price - his average exit price what the trade would have required - $400,000 at 100x - $1 million at 40x - $2 million at 20x - $5 million at 8x but buying early was only half the trade he also needed to - enter before global attention arrived - hold through extreme volatility - avoid selling too early - avoid holding too long - distribute a huge position into retail liquidity - turn paper gains into realized money Is this myth true or could it just be larp at this point?

kimchi@kimchi1x·2d

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