RKC Price Rallies 25% As Roaring Kitty Returns After 16 Months
Keith Gill’s verified X (Twitter) account, identified to 1.6 million followers as Roaring Kitty, posted a Solana Pump.enjoyable contract deal with on Monday after 16 months of silence, prompting near-universal calls from merchants that the deal with has been compromised.
The May 11 submit carried no caption past the token deal with and a brief cartoon clip. The format sharply breaks from Gill’s historical past of lengthy GameStop livestreams and detailed market commentary.
A 16-Month Silence Ended by a Pump.enjoyable Token
The submit appeared at 21:13 GMT and pointed to a freshly launched Solana meme coin referred to as Red Kitten Crew (RKC). The identical account adopted inside minutes with a picture and the textual content “pink bandit crew 4 life”.
The posts have since been deleted.
He additionally indicated that he held GameStop (GME) and RKC, inflicting a 25% surge within the RockyCat worth.
Notably, the 2 RKC tokens share solely the same ticker and cat theme. The Solana Red Kitten Crew (new Pump.enjoyable launch as we speak) exploits Roaring Kitty hype by way of the suspected hacked account.
The older BNB Chain RockyCat is a longtime, unrelated neighborhood underdog meme challenge with its personal fair-launch narrative. No affiliation, shared workforce, or connection exists. Pure identify collision for opportunistic pumps.
RKC graduated from Pump.enjoyable’s bonding curve to Raydium inside minutes. The token peaked at a $5.97 million market cap earlier than easing to roughly $4 million. Trading quantity hit $2.55 million over 24 hours.
Gill’s earlier exercise centered on his GameStop place, together with the $180 million bet he disclosed in June 2024. He has by no means publicly promoted a meme coin or used Pump.enjoyable.
His public footprint has centered on choices buying and selling, worth investing themes, and advert hoc YouTube livestreams.
Why Traders Are Calling the Post a Hack
GameStop holders and on-chain analysts flagged the submit virtually instantly. They cited the abrupt return and the shortage of any clarification. The selection of a recent Pump.enjoyable launch additionally broke from Gill’s content material historical past.
The sample mirrors current takeovers of high-profile crypto accounts. Examples embody the breach of Michael Saylor’s MicroStrategy deal with. Hackers additionally seized Kylian Mbappe’s X profile final 12 months to push a meme token.
Pump.enjoyable itself has been a recurring vector. Research suggests 98.6% of tokens launched there carry rip-off or wash-trading traits.
Gill has not addressed the submit on some other channel. Until he does, merchants are treating RKC as an unverified, high-risk asset tied to a suspected account compromise.
GameStop shares have additionally turned unfavourable after gaining as a lot as 13% the identical day. As of this writing, GME was buying and selling for $23.19.
The submit RKC Price Rallies 25% As Roaring Kitty Returns After 16 Months appeared first on BeInCrypto.