Pump Fun’s $2.5M competition draws boycott over missing airdrop and Kimchi chaos

Memecoin platform Pump Fun is facing a boycott from crypto traders this week due to its failure to deliver an airdrop, multiple alleged rug pulls, and a chaotic token launch involving trader Kimchi.

The “BOYCOTTPUMPFUN” hashtag has been shared by users across X, aiming to hold Pump Fun accountable for what they call the “worst month ever in the trenches.”

One of the earliest boycott posts was shared by crypto X user 'RonPull' last Friday.

#BOYCOTTPUMPFUN

— RON (@RonPull) October 23, 2026

On Sunday, crypto trader and influencer Jack Duval revealed he was starting a movement to “tank” Pump Fun’s revenue until the company releases an airdrop.

Pump Fun first teased that an airdrop was “coming soon” 474 days ago.

Duval claimed the boycott would succeed with just a few thousand crypto traders, and said he wanted to hold Pump Fun accountable for using “misleading marketing tactics to lure in new participants and artificially increase trading volume.”

Other users have joined the boycott, complaining that Pump Fun are “money extractors” that only benefit themselves and their partners.

Pump Fun lawsuit evidence resurfaces during boycott

During the boycott, the crypto X account 'Crypto Banter' shared evidence from Burwick Law’s second amended lawsuit, which was filed last January.

The evidence included internal Telegram chats leaked by a whistleblower, in which Pump Fun co-founder Alon Cohen admitted creating a market for low-value tokens that exposed users to “really really low odds that come with gambling.”

The evidence struck a chord with many disgruntled crypto traders, who used it to advance their boycott aims.

Botched Kimchi token fuels boycott anger

A creative collaboration between Pump Fun and Kimchi — a mysterious influencer known for a wealth and crypto trading persona — also failed last week, helping to fuel the boycott.

First, crypto analyst Bubblemaps noted that Kimchi likely made only $6 million trading Donald Trump’s TRUMP token, far less than the $40 million he was rumoured to have earned in claims repeated by Pump Fun.

Kimchi then launched a token on Thursday in a post that Cohen retweeted.

Cohen later unshared the post, and Kimchi deleted several Pump Fun posts, including the token launch reveal.

Users began speculating whether Kimchi’s account was hacked or the launch was handled disastrously by Kimchi and Cohen.

Kimchi has since added Pump Fun back to his bio, but neither Cohen nor Kimchi has made any further statements on the matter.

Pump Fun boycott starts right before $2.5M competition

The boycott occurs alongside a Pump Fun competition offering a share of $2.5 million to whichever group generates the most profit trading crypto over two weeks.

Stop giving away money to already rich people and address the issue with kimchi.

Your founder rugged thousands of people.

— ton (@tontheneko) October 23, 2026

The competition has already been criticized as a way for Pump Fun Key Opinion Leaders (KOLs) to earn more money, and it is still drawing criticism over the Kimchi incident.