Roaring Kitty wey com delete im post make RKC meme coin drop 90%
Roaring Kitty (Keith Gill) comot break for 16 months for X and small-time pump Solana-based RKC meme coin. For May 11 around 21:13 GMT, im verified X account post Pump.fun contract address plus short clip for Red Kitten Crew (RKC). Few minutes later, dem post two (“red bandit crew 4 life”) commot. The deletion quick change mind of people and RKC meme coin crash like 90% inside hours, chop plenty traders gain.
Lookonchain talk say the RKC developer don already accumulate and sold the position before the posts comot. According to them, the developer use about 20 SOL (~$1,950) across 10 wallets to buy 395.18M RKC (39.52% of supply), then sell the whole stash for about 5,071 SOL (~$495,000). Dem also claim the developer collect extra Pump.fun creator fees about 1,209 SOL (~$118,000). Total take-home estimated around $611,000.
The article also dey raise question if X activity real and show repeating pattern for crypto markets: big reach hype on X, followed by insider cash-outs, traders dey left to carry the loss—especially with fast-launch Solana/Pump.fun meme coins like RKC.
Bearish
This event dey bearish for RKC and similar Solana meme coins because e show classic “developer/insider exit liquidity” mechanics. The hype wey Roaring Kitty spark for X posts comot sharp when dem delete the posts, and on-chain data dey suggest say insiders don already accumulate and sell before the reversal. For traders, this one increase the chance of sudden liquidity gaps, quick profit-taking, and sharp drawdowns after any high-visibility promotion—especially on Pump.fun listings where listings and sentiment fit shift quick. Short-term price action likely go remain volatile, with bounces wey go fade quick unless new, verifiable supply/ownership changes show. For long term, repeated hype-then-cash-out patterns fit reduce retail confidence and compress sustainable demand for these tokens.