Meme Stock King Roaring Kitty's X Account Hacked in the Early Morning, Meme Coin Pumped to $12 million Market Cap Before Rug

BlockBeats News, May 12th, it was reported that the official X account of Roaring Kitty, the key figure in the GameStop "Retail Investors vs Wall Street" event and the Meme Stock King, was hacked earlier today. The hacker(s) then posted the contract for the Meme coin Red Kitten Crew (RKC), causing the token's market cap to surge to $12 million before plummeting to $1.8 million. Subsequently, Roaring Kitty may have regained control of the account and deleted the tweet containing the CA.

Although Roaring Kitty has not posted any clarification, the community generally believes that the release of the Meme coin CA was indeed due to the short-term hijacking of the account.