Roaring Kitty’s Deleted Post Triggers 90% Crash in RKC Meme Coin

Published: 2026-05-12 18:26:55 |

Roaring Kitty (Keith Gill) ended a 16-month silence on X and briefly pumped the Solana-based RKC meme coin. On May 11 around 21:13 GMT, his verified X account shared a Pump.fun contract address and a short clip for Red Kitten Crew (RKC). Minutes later, a second post (“red bandit crew 4 life”) was deleted. The deletion flipped sentiment fast and the RKC meme coin dropped roughly 90% within hours, erasing much of traders’ gains. Lookonchain reported the RKC developer had already accumulated and sold the position before the posts were removed. According to the firm, the developer used about 20 SOL (~$1,950) across 10 wallets to buy 395.18M RKC (39.52% of supply), then sold the stash for about 5,071 SOL (~$495,000). It also claims the developer earned additional Pump.fun creator fees of roughly 1,209 SOL (~$118,000). Total realized proceeds were estimated around $611,000. The article also raises authenticity questions about the X activity and highlights a recurring pattern in crypto markets: high-reach hype on X, followed by insider cash-outs, with traders left holding the reversal—especially in fast-launch Solana/Pump.fun meme coins like RKC meme coin.

Bearish

This event is bearish for RKC and similar Solana meme coins because it shows classic “developer/insider exit liquidity” mechanics. The hype sparked by Roaring Kitty’s X posts was rapidly reversed when the posts were deleted, and on-chain data suggests insiders had already accumulated and sold before the reversal. For traders, this increases the probability of sudden liquidity gaps, fast profit-taking, and sharp drawdowns after any high-visibility promotion—especially on Pump.fun listings where listings and sentiment can shift quickly. Short-term price action is likely to stay volatile, with bounces fading quickly unless new, verifiable supply/ownership changes appear. In the longer run, repeated patterns of hype-then-cash-out can reduce retail confidence and compress sustainable demand for these tokens.