RKC's price collapsed by 90% following the deletion of tweets by Roaring Kitty, a trader known for his role in the GameStop saga. The developer of RKC capitalized on the situation, withdrawing 6,260 SOL, equivalent to approximately $611,000. Using 10 wallets, the developer initially spent 20 SOL (around $1,950) to acquire 395.18 million RKC tokens, representing 39.52% of the total supply. These tokens were later sold for 5,071 SOL (about $495,000), alongside collecting 1,209 SOL (approximately $118,000) in creator fees.
RKC Plummets 90% After Roaring Kitty Deletes Tweets, Developer Cashes Out $611,000
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