After a 16-month hiatus, the X account of Roaring Kitty (Keith Gill), known for his role in the 2021 GameStop short squeeze, posted a link to a token on Pump.fun. The post was quickly deleted, but not before traders rushed in, causing the token's price to surge 25%. Many community members believe the account was hacked, given Gill's history of not promoting meme coins. The incident highlights the ongoing risks of social media account takeovers in the crypto space, where compromised accounts can be used to pump fraudulent tokens. Pump.fun tokens are often subject to rug pulls and scams, as they are easily created and promoted.

Key facts

• Roaring Kitty's X account posted a Pump.fun token link after 16 months of inactivity.
• The token's price surged 25% before the post was deleted.
• Traders and community members widely suspect the account was hacked.
• The incident underscores risks of social media account takeovers in crypto.
• Pump.fun tokens are often associated with rug pulls and scams.