Roaring Kitty deleted posts causing RKC to plummet 90%, RKC developers have cashed out $611,000

According to monitoring by Lookonchain, trader Roaring Kitty (@TheRoaringKitty), who became famous during the GameStop short squeeze, deleted a tweet related to RKC after posting it, causing the RKC price to drop by 90%. However, the RKC developer has cashed out 6,260 SOL, approximately $611,000.

The developer spent 20 SOL (about $1,950) using 10 wallets to purchase 395.18 million RKC, accounting for 39.52% of the total supply, and then sold all of it for 5,071 SOL (about $495,000). The developer also collected 1,209 SOL (about $118,000) through creator fees.