# Kimchi Market Cap Drops to $21.51 Million After Topping $40 Million By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/38069 Published: 2026-10-22T16:17:21.000Z Updated: 2026-10-22T16:17:21.000Z Section: Investing > A top-ranked individual wallet’s $144,000 investment at a $33.7 million market cap is now down more than $50,000 on paper. Solana meme coin Kimchi’s market capitalization stood at $21.51 million on Oct. 22 after topping $40 million the previous day, while a top-ranked wallet showed an unrealized loss of more than $50,000. An [earlier snapshot of Kimchi]() put its market capitalization at $38.71 million, with $23.7 million in trading volume, after the token crossed $40 million during its first hour. The Oct. 22 valuation was $17.2 million below that earlier snapshot. The top-ranked individual wallet invested $144,000 when Kimchi’s market capitalization was $33.7 million. Its loss was on paper, reflecting a decline in the position’s value rather than a completed sale. The market-cap figures describe the token overall, while the investment and loss figures describe one wallet’s position. Kimchi was inspired by influencer trader Kimchi (@kimchi1x), whose holdings represented 75.32% of the token’s total supply. ## Links in this article - [earlier snapshot of Kimchi](https://www.tokenpost.com/news/investing/36579)