Twenty minutes, start to finish
According to crypto.news, the verified X account of Keith Gill — Roaring Kitty — posted twice at roughly 21:13 UTC on May 11, pointing followers at a pump.fun launch called Red Kitten Crew. The posts were deleted inside an hour. By then $RKC had already run to an $11–12 million market cap and rolled over.
The setup was mechanical. crypto.news reported the deployers seeded 20 SOL (about $1,950) across ten wallets, accumulated 395.18 million RKC — 39.52% of supply — then sold into the spike for 5,071 SOL (~$495,000) and collected another 1,209 SOL (~$118,000) in creator fees. Total take: roughly $613,000.
- ~$613,000
- extracted by deployer wallets
- 39.52%
- of supply pre-loaded
- 13%
- GameStop's intraday spike, later erased
crypto.news cited analyst StarPlatinum, who flagged that more than 80 wallets extracted $2,864,364 during the brief rally. GameStop shares rose as much as 13% amid the confusion before giving it all back. Gill has never publicly promoted a memecoin and had not commented at the time of reporting.
What it means for degens
The playbook is old and still works: pre-load supply, compromise an account with a cult following, let the timeline do the distribution. The only defence is boring — treat any contract address posted by a suddenly-crypto-pilled celebrity account as a hostile object until the person confirms it somewhere else.
- Contract address dropped by an account that has never posted contract addresses
- Posts deleted within the hour
- A deployer cluster holding ~40% of supply before the first buyer arrives