The meme coin RKC, created on the Solana network, became the subject of intense hype after financial analyst Keith Gill, known as Roaring Kitty, posted the token’s address on his X account. Within just half an hour, RKC’s market capitalization reached around $12 million. However, shortly after this post was deleted, the asset’s value plummeted by more than 90%.
This is reported by Finway
Rapid Rise and Fall of RKC: Who Made the ‘X’s
The analytical platform Lookonchain notes that the RKC developer managed to secure significant profits before the crash: about 6260 SOL (approximately $611,000). According to analysts, he spent 20 SOL through 10 separate wallets to purchase nearly 395.2 million RKC tokens, which accounted for 39.5% of the total supply. After that, the developer sold his tokens for 5071 SOL (around $495,000) and also received 1209 SOL (another $118,000) in royalties.
“Roaring Kitty(@TheRoaringKitty) posted $RKC and then deleted the post, leading to a 90% drop in $RKC! But the $RKC developer already managed to withdraw 6260 $SOL ($611k). He spent 20 $SOL ($1,950) through 10 wallets to buy 395.18 million $RKC, 39.52% of the total supply, after which he sold everything for 5071 $SOL…”
Other traders also managed to achieve significant profits during the pump: estimates suggest that during the rise, the total amount withdrawn reached $2.8 million, and hackers likely made over $500,000. However, after the sharp crash, the token’s market capitalization fell from $12.2 million to approximately $5.5 million.
In the X community, there were speculations about a possible hack of Roaring Kitty’s account. Crypto analyst Wise Advice emphasized that it was after the post about RKC appeared on the Solana network that the mass hype began, and there was active selling of tokens through associated wallets. As of May 2026, RKC’s market capitalization had lost over $10 million from its historical peak, and Keith Gill himself did not comment on the situation on X.
Who is Roaring Kitty and How His Actions Affect the Market
Roaring Kitty is an American financial marketer, educator, and private investor who gained popularity due to his analytical reviews on social media. His activity drew attention back in 2021 when he highlighted the potential of GameStop stocks, leading to a mass buying spree by retail investors. As a result, the company’s market capitalization rose from $260 million to $33.7 billion, and its shares skyrocketed from $4 to $483. Gill himself made over $50 million, starting with $53,000.
Since then, any informational activity by Roaring Kitty on social media is perceived by the market as a powerful signal to act. His posts are followed by millions of users and trading bots, which can cause instant sharp changes in asset values. The situation with RKC once again demonstrated how influential even short-term publications from this analyst can be.
In the crypto community Incrypted Plus, the case with RKC was executed with a profit of 27 times. Details are available in the Telegram channel. Membership in the community is open from May 12, 2026, and you can join via this link.
Incrypted Plus is a closed community for cryptocurrency market enthusiasts who seek to receive the latest information on trading, meme coins, airdrops, NFTs, DeFi, and other industry sectors. Members gain access to analytics, guides, and giveaways, and can also view the community report for April.
