On-chain data shows developer wallets offloaded over $600K in a coordinated exit. The deleted post from Roaring Kitty’s X account has traders questioning if it was a hack or endorsement.
Alpha Score of 40 reflects weak overall profile with weak momentum, weak value, weak quality, moderate sentiment.
The RKC token, a meme coin referencing retail trading icon Roaring Kitty, collapsed within hours of launch. Blockchain analysts traced the implosion to developer-linked wallets that extracted more than $600,000 in a coordinated sell-off. The event has reignited debate over celebrity-adjacent crypto launches and left traders questioning whether Roaring Kitty’s X account was compromised to promote the project.
On-chain data shows that wallets connected to the token’s creators offloaded holdings worth over $600,000 in the first few hours of trading. The pattern fits a classic rug pull: insiders accumulate a dominant supply share at negligible cost, generate hype, and then dump into retail buying pressure. In RKC’s case, the sell pressure was so concentrated that the token’s price collapsed almost immediately after the initial pump, leaving late buyers with near-worthless positions.
Blockchain analysts identified the outflow by tracing token movements from the deployer address to multiple intermediary wallets, which then routed funds to exchanges and mixing services. The speed of the exit–completed in under a few hours–points to premeditated coordination rather than a gradual distribution. For traders, liquidity concentration in a handful of wallets is a red flag that on-chain tools can surface before a trade is placed.
This on-chain footprint is permanent, and the wallets involved will remain flagged by analytics platforms. Exchanges that receive tainted funds may freeze them if law enforcement requests action, though such outcomes are rare for small-scale rug pulls.
The token’s launch was amplified by a post from the X account of Roaring Kitty, the pseudonym of Keith Gill, whose 2021 GameStop calls made him a retail trading icon. The post was deleted. No statement has emerged from Gill himself. The absence of confirmation has split the community: some believe the account was hacked, while others suspect a deliberate endorsement that was poorly executed.
A compromised social media account is a common vector for meme coin scams. Attackers gain access to a high-follower profile, post a contract address, and let FOMO drive volume before insiders dump. If Roaring Kitty’s account was indeed breached, the incident joins a long list of similar exploits targeting influencers in both crypto and traditional finance. A genuine promotion, however, would raise questions about due diligence and the legal exposure of personalities who attach their names to unvetted token projects.
The RKC incident is not isolated. The first quarter of 2025 saw a surge in celebrity-linked token launches across the broader crypto market, many of which followed a similar pump-and-dump trajectory. Low liquidity, anonymous teams, and social media hype create an environment where a single large seller can crater a token’s price. Regulators have taken note, and the recent stablecoin yield ban debate in Congress signals a broader push to impose guardrails on retail-facing crypto products.
For traders, the decision point is clear: any token that launches with a celebrity or influencer association without a transparent team, audited code, or lock-up mechanism should be treated as a high-risk event. On-chain tools that track wallet concentration and early seller behavior can provide an edge. They cannot eliminate the risk of a sudden exit.
The next concrete marker for the RKC story is whether Roaring Kitty issues a statement clarifying the status of his X account. A confirmed hack would shift the narrative toward platform security and the responsibility of social media companies to prevent such exploits. Silence would leave the door open to speculation and potential legal exposure. The wallets that profited from the dump are permanently etched on the blockchain, and any movement of those funds will be watched closely by both traders and investigators.
Drafted by the AlphaScala research model and grounded in primary market data – live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.