A Solana memecoin linked to Roaring Kitty’s X account crashed after its developer cashed out $729,000, raising hack and sniping concerns.
The developer of a new Solana-based memecoin cashed out about $729,000 after Keith Gill’s Roaring Kitty X account posted the token’s ticker and contract address, triggering a short-lived trading frenzy before the post was deleted.
Following the now-deleted X post from Gill's account, Red Kitten Crew (RKC) briefly surged to an $11 million market capitalization before falling about 67% to $3.6 million at the time of writing, according to Dexscreener.
The token’s developer sold about $611,000 worth of RKC and collected another $118,000 in creator fees through Pump.fun, bringing the total exit to roughly $729,000, according to blockchain analytics company Lookonchain. Lookonchain said the developer initially used 10 wallets to buy 395.18 million RKC, representing 39.52% of the token’s supply, raising concerns that the launch was dominated by creator-linked wallets before retail traders entered.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments