Caitlyn Jenner, the former Olympic athlete and member of the Kardashian-Jenner family, has recently made headlines in the cryptocurrency world with the launch of her eponymous token, JENNER.
The announcement of the memecoin, which took place on Jenner’s X (formerly Twitter) and Instagram accounts, has sparked a heated debate within the crypto community, with many questioning the legitimacy of the project.
TLDR
- Caitlyn Jenner’s X and Instagram accounts promoted a new memecoin called JENNER, sparking controversy and speculation about potential hacking.
- Jenner and her manager, Sophia Hutchins, released videos to reassure followers that the token launch was legitimate and not a scam.
- The crypto community remains divided on the authenticity of the JENNER token, with some suspecting the use of deepfake technology in promotional videos.
- The JENNER token’s wallet address has been linked to other allegedly hacked accounts promoting different tokens, fueling concerns about a coordinated scam.
- Despite the controversy, the JENNER token experienced a significant price increase and achieved a market capitalization of millions within a short period.
The launch of the JENNER token coincided with a wave of similar incidents involving the alleged hacking of accounts belonging to crypto influencers and celebrities.
This coincidence has led to widespread skepticism and suspicion surrounding Jenner’s token. In an effort to address these concerns, both Jenner and her manager, Sophia Hutchins, have released videos reassuring followers that the project is authentic and not a scam.
Hutchins emphasized her role in overseeing the token’s development and insisted that Jenner’s accounts were secure and not compromised by hackers.
Despite these assurances, doubts persist within the crypto community. Some members have invited Jenner to participate in a Twitter Space discussion to provide further clarification, but she was unable to attend.
Instead, Hutchins spoke on her behalf, but failed to provide clear answers regarding the token’s value proposition. The community remains divided, with some expressing optimism while others suspect a coordinated scam.
Further fueling the controversy is the discovery that the wallet address associated with the JENNER token had previously been linked to another allegedly hacked account belonging to adult content creator Kazumi, who had promoted a different token called ZUMI just days earlier.
This connection has raised red flags among crypto enthusiasts, with some speculating that scammers may be using deepfake technology to impersonate Jenner in the promotional videos.
The JENNER token made its debut on pump.fun, a Solana-based platform for meme coins, and has been actively promoted by the platform’s official X account.
Despite the ongoing concerns, the token has experienced a remarkable price increase of 28,000% within a single day, achieving a market capitalization of $18 million according to DEX Screener data.
