RKC developers cash out 6260 SOLs, RKC drops 90%

According to Lookonchain monitoring, Roaring Kitty (@ TheRoaringKitty) deleted related posts after posting RKC, resulting in a 90% drop in RKC prices. RKC developers spent 20 SOLs on 10 wallets to buy 395 million RKCs, accounting for 39.52% of the total supply. They then sold all of them for 5071 SOLs, worth 495000 US dollars. In addition, the developer also charged 1209 SOL creator fees worth $118000, cashing out a total of 6260 SOLs worth $611000.