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Roaring Kitty's X account suspected of being hacked; RKC market cap falls from $12M to $1.8M

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Roaring Kitty’s X account was suspected of being hacked earlier today, causing a sharp decline in the market cap of Red Kitten Crew (RKC), an altcoin to watch. A suspicious contract address was posted, briefly pushing the token’s value to $12 million before it plummeted to $1.8 million. The account appears to have been secured, with the tweet removed, but no official statement has been issued. The incident underscores the volatility in the crypto space, where the Fear & Greed Index can swing rapidly amid security breaches.

Odaily Planet Daily reports: The official X account of Roaring Kitty, the protagonist of GameStop’s “retail investors vs. Wall Street” saga and the king of meme stocks, was reportedly hacked early today and posted the contract address for the meme coin Red Kitten Crew (RKC), causing the token’s market cap to briefly spike to $12 million before dropping to $1.8 million.

Subsequently, Roaring Kitty reportedly regained control of the account and deleted the tweet containing the contract address. Roaring Kitty has not yet posted a clarification, but the community generally believes the contract address was shared due to the account being compromised within a short time frame.

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