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
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.