Roaring Kitty's Deleted Post Triggers 90% Crash in RKC Meme Coin
- Investor Losses: Roaring Kitty's post on X triggered a 90% crash in the RKC token within hours, wiping millions from its market cap and leaving many traders with losses amounting to hundreds of thousands of dollars, highlighting the fragility of market reactions to social media influence.
- Developer Profits: The developer of RKC reportedly cashed out over $611,000 by selling 6,260 SOL before the posts were deleted, having acquired 39.52% of the total RKC supply for approximately $1,950, showcasing their ability to profit from market manipulation.
- Hacking Speculation: Analysts are questioning the authenticity of Roaring Kitty's posts, suggesting they may have been hacked, especially given that Keith Gill has never promoted meme coins before, raising broader concerns about the security of social media accounts.
- Platform Controversy: The Pump.fun platform has faced criticism for launching tokens that exhibit scam-like characteristics and is currently embroiled in two class-action lawsuits for allegedly violating U.S. securities laws, further deepening the trust crisis surrounding emerging tokens.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00000704 | 0.00000205 | 0.00000859 | 0.0000177 | 0.0000242 | 0.0000333 | 0.0000399 |
| Fibonacci | 0.00000205 | 0.00000802 | 0.0000117 | 0.0000177 | 0.0000236 | 0.0000273 | 0.0000333 |
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