Unknown hackers have breached the social media accounts of trader Keith Gill, known as Roaring Kitty. The attackers posted the contract address for the meme coin RKC, leading to a sharp spike in its price.
Roaring Kitty (@TheRoaringKitty) posted $RKC, then deleted the post, causing $RKC to crash 90%!
— Lookonchain (@lookonchain) May 12, 2026
But the $RKC dev had already cashed out 6,260 $SOL ($611K).
He spent 20 $SOL ($1,950) across 10 wallets to buy 395.18M $RKC, 39.52% of the total supply, then dumped it all for 5,071… pic.twitter.com/2RMd0mYGjF
According to Lookonchain, the coin's creators had prepared for the dump in advance. They distributed 20 SOL ($1,950) across ten wallets and purchased nearly 40% of the RKC supply. After the posts were made on Gill's accounts, the developers sold the tokens for 5,071 SOL ($495,000).
Additionally, the creators earned 1,209 SOL ($118,000) in transaction fees. The total profit amounted to approximately $611,000.
Initially, the page posted the address of the Solana token along with an image of a cat wearing a red scarf. Later, a photo of a hand with a red bandage appeared — a symbol Gill used during the GameStop saga in 2021. Both posts were deleted within half an hour.
Following the dump, RKC's price plummeted by 90%. The incident also affected GameStop shares, which rose by 13% before quickly correcting.
⚡️ TODAY: GameStop shares spiked 13% before erasing all gains after cryptic posts from Roaring Kitty briefly appeared on social media before being deleted within an hour. pic.twitter.com/CxVz113WIN
— Cointelegraph (@Cointelegraph) May 12, 2026
The community is speculating about the involvement of Gill's relatives in the incident. Users have noted activity from his brother's account.
Can’t believe Roaring Kitty's brother was behind and extracted $900,000
— StarPlatinum (@StarPlatinum_) May 11, 2026
He’s on stream right now: https://t.co/GNUX5h8Ru7 pic.twitter.com/gQIPXyvwD8
Some analysts suggest that the hackers aimed to launch the meme coin through the Pump.fun platform, followed by a quick liquidity withdrawal.
how to make $6,00,000+ easily
— Maran (@TheMaran) May 12, 2026
1) choose a famous inactive account like the roaring kitty
2) now get into the account, it's pretty easy these days
3) launch a pump fun meme, post the ca
4) in 30 minutes the market cap will reach $12m
5) start dumping the token, make it reach… pic.twitter.com/mdeBJpc9Ok
Gill became a key figure in the "war" of retail investors against hedge funds in 2021. Since then, his posts have triggered significant volatility in various assets.
It’s worth noting that in June 2024, journalists identified signs of market manipulation in Roaring Kitty's actions.