ChainCatcher report, according to Lookonchain monitoring, after the trader known as Roaring Kitty (@TheRoaringKitty), who gained fame during the GameStop short squeeze, posted and then deleted tweets related to RKC, the price of RKC dropped by 90%. However, the RKC developer has already cashed out 6,260 SOL, approximately $611,000. The developer used 10 wallets to spend 20 SOL (approximately $1,950) to purchase 395.18 million RKC tokens, accounting for 39.52% of the total supply, and then sold all of them for 5,071 SOL (approximately $495,000). The developer also collected 1,209 SOL (approximately $118,000) in creator fees.
RKC Drops 90% After Roaring Kitty Deletes Post, Developer Withdraws $611,000
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Summary
RKC plummeted 90% after Roaring Kitty deleted a tweet, triggering panic among altcoin investors. The developer cashed out 6,260 SOL ($611,000) after initially purchasing 395.18 million RKC for 20 SOL. The sell-off reflects a sharp spike in the Fear & Greed Index readings. Creator fees added another 1,209 SOL ($118,000) to the developer’s profits.
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