Caitlyn Jenner, the famous American media personality, has found herself in the midst of controversy surrounding the launch of her $Jenner cryptocurrency token.
While Jenner has reaffirmed her dedication to the project, allegations of being scammed and misunderstandings caused by misleading advertisements have plagued the token’s debut.
TLDR
- Caitlyn Jenner reaffirmed her commitment to the $Jenner token and denied involvement with any other cryptocurrencies, clarifying after an advertisement for a different token caused confusion.
- Jenner announced that the $Jenner token will launch on the Ethereum network in addition to the initial Solana deployment to boost its reach and performance.
- Jenner claimed the $Jenner token achieved impressive trading volume shortly after launch and aimed for a $50 million market cap within 24 hours.
- However, allegations emerged that Jenner and others like Rich the Kid were “scammed” by memecoin adviser Sahil Arora involved in the $Jenner token launch.
- Despite the fallout with Arora, Jenner stated she will continue investing in and promoting the $Jenner token.
The turmoil began when an advertisement for a different cryptocurrency token circulated, causing confusion among Jenner’s followers about her involvement.
In response, Jenner took to social media to clarify that she is solely committed to the $Jenner token and has no affiliation with other digital assets. “I am committed to my token $Jenner,” Jenner stated, further reassuring fans that her investments lie exclusively with the $Jenner project.
MAJOR: 🚨 🚨 🚨
That ad for a third party token was taken down!
As I have said from the beginning the only focus I have is $Jenner and the ad I posted confused too many people, and was not worth it.
Like I had said time and time again I’m fully focused on my token $Jenner— Caitlyn Jenner (@Caitlyn_Jenner) May 27, 2024
To bolster the token’s performance and reach, Jenner also announced the decision to launch $Jenner on the Ethereum network in addition to its initial deployment on the Solana blockchain.
This strategic move aims to leverage Ethereum’s extensive user base and network effects, potentially driving higher adoption rates for the token.
Despite the rocky start, Jenner claimed that the $Jenner token experienced impressive trading volume shortly after its launch.
Ambitious targets were set, with Jenner aiming for the token to achieve a $50 million market capitalization within the first 24 hours of trading.
However, the situation took a more dramatic turn when Jenner seemingly acknowledged her connection with memecoin adviser Sahil Arora, alleging that he had “scammed” her.
FUCK SAHIL!
He scammed us!
BIG TIME!
@Ryan_S_Gladwin https://t.co/flSWpT872g— Caitlyn Jenner (@Caitlyn_Jenner) May 28, 2024
This allegation aligned with similar claims made by American rapper Rich the Kid, who accused Arora of hacking his social media accounts to promote a different token.
Jenner’s accusation fueled speculation and skepticism within the cryptocurrency community, with some questioning the authenticity of certain promotional materials associated with the $Jenner token launch.
While Jenner and her team have denied any security breaches, the uncertainty surrounding Arora’s involvement has cast a shadow over the project’s credibility.
Despite the allegations against Arora, Jenner has remained steadfast in her commitment to the $Jenner token.
“JENNER isn’t going anywhere but up,” she asserted, indicating her intention to continue investing in and promoting the digital asset.
