A Solana memecoin tied to posts from Keith Gill’s verified X account surged and collapsed within minutes, triggering new concerns over account security and market manipulation. The token, Red Kitten Crew, or RKC, briefly drew heavy buying after the account known as Roaring Kitty posted a Pump.fun contract address, then erased the messages less than an hour later.
Highlights
- Posts from Roaring Kitty’s verified X account briefly promoted RKC before being deleted.
- RKC’s market capitalization reportedly rose to about $11 million-$12 million.
- Lookonchain tracked wallets that may have made around $611,000.
- An unverified theory links Kevin Gill to the incident, but no proof has been confirmed.
Posts appeared, then vanished
On May 11, two posts appeared on Gill’s verified X account. One included a Pump.fun contract address for RKC, while another showed a short cartoon with the phrase “red bandit crew 4 life.” Both posts were deleted within an hour.
The activity immediately drew attention because Gill, who became famous during the GameStop trading frenzy, had not been known for promoting memecoins. At the time of publication, neither Gill nor his representatives had publicly confirmed whether the posts were authentic or whether the account had been compromised.
According to Lookonchain, the deleted post linked to the RKC contract and triggered a rush of buying in the Solana memecoin. The token’s market capitalization reportedly jumped to around $11 million-$12 million within roughly 20 minutes, before collapsing after the posts disappeared.
A rapid pump and crash
On-chain data showed unusual wallet activity before the rally. Lookonchain reported that the developer spent 20 SOL, worth about $1,950, across 10 wallets to buy 395.18 million RKC, equal to 39.52% of the token’s supply.
Those wallets later sold the entire position for 5,071 SOL, or nearly $495,000. The creator also reportedly received another 1,209 SOL, about $118,000, in Pump.fun-related fees. In total, the profit from the move was estimated at $611,000.
After the deletion of the posts, RKC fell sharply. Market value dropped by nearly $10 million, and the token reportedly lost about 90% from its peak as panic selling accelerated.
Unconfirmed claims involving Gill’s brother
A separate, unverified theory circulating on social media claims that Kevin Gill, Keith Gill’s brother, may have been connected to the apparent account compromise and the RKC rug pull. Users have shared a clip from a livestream showing a person who resembles Kevin Gill celebrating the launch and saying, “We did it.”
There is no official confirmation of this claim. Keith Gill, Kevin Gill, and their representatives have not publicly addressed the allegations, and no verified evidence has been presented proving Kevin Gill’s involvement in the posts, the possible account breach, or the token sales.
A familiar memecoin risk
The RKC episode shows how quickly a known public account can move a low-liquidity token. Even without confirmation that the Roaring Kitty account was hacked, the pattern is familiar: a famous name, a contract address, a sudden wave of buying, deleted posts, and early wallets exiting into the rally.
For traders, the key warning sign was not just the post itself but the token structure. Nearly 40% of the supply was reportedly concentrated in linked wallets before the rally, creating a high-risk setup for late buyers.
In an earlier report, we noted that the Fear and greed index nears neutral as Bitcoin holds above $81,000.
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