According to Lookonchain monitoring, after Roaring Kitty (@TheRoaringKitty) posted about RKC and subsequently deleted the related posts, the price of RKC dropped by 90%. The RKC developer purchased 395 million RKC tokens—39.52% of the total supply—using 20 SOL across 10 wallets, then sold all of them for 5,071 SOL, worth $495,000. Additionally, the developer collected 1,209 SOL in creator fees, valued at $118,000, resulting in a total cash-out of 6,260 SOL, worth $611,000.
RKC Price Drops 90% After Developer Withdraws 6,260 SOL Worth $611,000
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Summary
The RKC price dropped 90% after the developer cashed out 6,260 SOL, worth $611,000. The developer used 10 wallets to purchase 395 million RKC tokens with 20 SOL, then sold them all for 5,071 SOL ($495,000). They also collected 1,209 SOL in creator fees ($118,000). Roaring Kitty deleted related posts, triggering the sharp decline in the crypto’s price.
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