Red Kitten Crew (RKC) Rug Pull: Dev Cashes $600K After Roaring Kitty Post

On May 11, the verified X account belonging to Keith Gill, better known as Roaring Kitty, broke a 16-month silence to post a Pump.fun contract address for a Solana meme coin called Red Kitten Crew (RKC). Within hours, the token had crashed by as much as 90%, the developer had cashed out roughly $611,000, and one trader was sitting on a $188,000 loss. The token is still trading. We're marking it as a danger coin.

What happened on May 11

At around 21:13 GMT, Gill's account shared the RKC contract address along with a short cartoon clip. A follow-up image post captioned "red bandit crew 4 life" went up minutes later, then got deleted. That deletion is what flipped the market. The pump rolled into a panic sell, and the chart did what these charts do.

At its peak, RKC briefly touched a market cap close to $12 million, according to Lookonchain data cited by Invezz. Dexscreener showed the token down roughly 67% from that peak shortly after, with the firm estimating about $10 million in market value wiped out during the sell-off. CoinGecko data we're tracking now shows RKC at $0.00347, down another 42.7% in the last 24 hours, with a market cap around $3.4 million.

The on-chain receipts

This is where the "rug" label comes from, not the price action alone.

Blockchain analytics firm Lookonchain says the RKC developer used 10 separate wallets, funded with just 20 SOL (about $1,950 total), to accumulate 395.18 million RKC. That's 39.52% of the total supply, sitting in dev-controlled wallets before public traders had a chance to buy.

When the hype hit, those wallets dumped. The reported proceeds:

• Roughly 5,071 SOL, around $495,000, from selling the token stash.
• Another 1,209 SOL, about $118,000, in Pump.fun creator fees.
• Combined realized take of approximately $611,000. Earlier Lookonchain estimates put the total closer to $729,000.

Lookonchain also flagged a single trader who spent around $250,000 on 31.15 million RKC just before the promotional post got deleted. They exited at roughly $62,200. That's a $188,600 loss inside an hour.

Was it actually Roaring Kitty?

Open question, and it doesn't change what the wallets did. Gill built his audience on GameStop commentary and has never publicly promoted a meme coin before. The 16-month dormancy followed by a coordinated Pump.fun shill, then a deletion, is a pattern that lines up with compromised celebrity accounts. There's been a run of these: Michael Saylor's account got used for a fake Bitcoin giveaway, Kylian Mbappé's pushed a Solana meme coin scam. Same playbook. Volume spike, then collapse.

Whether the account was hacked or not, the on-chain story is the same. Someone pre-loaded 39.52% of supply, waited for the post to land, and sold into retail.

Why it's still trading and why that doesn't mean it's safe

RKC didn't disappear. It's listed across 10 exchanges in our data, including KuCoin Alpha and Gate Alpha, which both onboarded the token on May 12, the day after the crash. Daily volume is sitting at roughly $7.56 million against a $3.4 million market cap. That's a volume-to-market-cap ratio of about 220%, which is what you'd expect from a token where holders are mostly trying to find an exit and short-term traders are cycling in and out.

There is no identifiable team. No whitepaper. No roadmap. No product. The supply was front-run by the deployer, that supply was dumped on the first wave of buyers, the proceeds are gone, and the price chart since then is just the slow second leg down. Third-party risk trackers including GemWatch have labeled the token high-risk and rug-flagged.

A token continuing to trade after a public rug is not a recovery signal. It's exit liquidity for whoever is still holding.

What to take away from this one

• A long-dormant celebrity account suddenly shilling a Pump.fun contract address is the highest-risk setup in meme coin trading right now. The base rate of "real account, real endorsement" is approaching zero.
• Deleted posts during a launch are not bullish ambiguity. They're the cleanup step before the dump.
• Check wallet concentration at launch before buying, not after. Lookonchain and similar tools surface this within minutes. A 39.52% dev-controlled supply across 10 fresh wallets is the entire scam in one number.
• Pump.fun creator fees mean the launcher gets paid even if the token does nothing. The incentive to ship and dump is built into the platform mechanics. Researchers have reported that the large majority of Pump.fun tokens display scam or wash-trading characteristics.
• If it's still trading after the dump, you are the exit liquidity.

RKC is flagged as a danger coin on the site. The on-chain history here is the kind that doesn't get rewritten.

Track this one: live risk profile for Red Kitten Crew.