Roaring Kitty hack sparks meme coin rug

Roaring Kitty’s hacked X account was used to promote a fake meme coin that quickly surged on FOMO, reached nearly a $10 million market cap, and was then rug-pulled within minutes. The scam briefly became the top trending coin, while the real GME token ranked just behind it, creating confusion around whether Roaring Kitty was involved.

The key takeaway is that this was not a legitimate launch but a social-engineered exploit built on a compromised high-profile account, viral attention, and fast-moving meme coin speculation. The deleted post and the immediate collapse of the token point to a classic rug-pull pattern driven by impersonation and panic buying.

The broader market implication is the growing divide between hype-based, scam-prone meme coin activity and the institutional push toward more credible crypto infrastructure. As retail traders remain exposed to hacks and fraudulent promotions, capital is increasingly shifting toward decentralized finance and verified tokenized assets with stronger security and clearer utility.

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Видео Roaring Kitty hack sparks meme coin rug канала Sam Dmitri | Crypto Daily