Keith Gill, widely recognized on X (formerly Twitter) as “Roaring Kitty,” recently made a surprising return to social media after 16 months of silence, only to spark significant concern among his 1.6 million followers. On Monday, Gill shared a contract address for a newly launched Solana meme coin, Red Kitten Crew (RKC), leading many traders to suspect that his account may have been hacked.
The brief post, which included no accompanying text aside from the contract address and a cartoon clip, marked a striking departure from Gill’s previous activity known for lengthy livestreams centered around GameStop and intricate market analyses. It surfaced at 21:13 GMT, quickly followed by another message expressing allegiance to the “red bandit crew.”
However, both of these posts were removed shortly thereafter. In the process, Gill indicated he held both GameStop (GME) and RKC, which resulted in an immediate 25% price spike for RockyCat. This price surge was noted as the token quickly transitioned from Pump.fun’s bonding curve to Raydium, achieving a market cap high of $5.97 million before later dropping to approximately $4 million. The trading volume for RKC hit $2.55 million within a 24-hour period.
It’s important to clarify that the two tokens, RKC and the existing BNB Chain RockyCat, are entirely different entities, sharing only a name and a feline motif. The surge in the new token appears to be an opportunistic maneuver exploiting Gill’s reputation, as Roaring Kitty has no known connection to the new Red Kitten Crew project, which seems tailored to mislead investors.
Responses from the trading community were swift, with GameStop shareholders and on-chain analysts raising alarms about the post. Many noted the anomalous timing and content of Gill’s return, contrasting sharply with his established communication style. This incident bears a resemblance to recent high-profile hacks in the crypto space, including those affecting renowned personalities like Michael Saylor and Kylian Mbappé.
The Pump.fun platform itself has gained notoriety for facilitating the launch of numerous questionable tokens, with recent research indicating that an overwhelming majority of its offerings exhibit characteristics of scams or wash trading. Despite the uproar, Gill has not addressed these developments on any other platforms, leaving traders to approach RKC with caution and viewing it as a highly speculative investment tied to a potentially compromised account.
Meanwhile, GameStop’s stock experienced a downturn, reversing earlier gains, and was reported at around $23.19 during this period. The connection between Gill’s unexpected post and the broader market dynamics continues to unfold, as traders remain on alert for further updates or clarification from the notable figure in the retail trading community.
