Caitlyn Jenner crypto token JENNER sparks confusion: Scam or not?

Caitlyn Jenner’s crypto debut leaves more questions than answers.
Apparently, Jenner and Rich the Kid claimed they were scammed.

As a researcher with extensive experience in the crypto space, I find Caitlyn Jenner’s crypto debut to be intriguing but also concerning. The sudden appearance of the JENNER token and its meteoric rise in value within hours of launch raises more questions than answers.

Multiple well-known personalities and crypto advocates have had their social media platforms allegedly taken over, resulting in promotions for different cryptocurrencies.

Despite the clarity surrounding most celebrity-named cryptocurrencies, there is ongoing ambiguity concerning Caitlyn Jenner and the SOL-linked token named JENNER, which was advertised by the account.

It’s been reported that Jenner, a well-known figure on social media, introduced her new token, named JENNER, and saw an impressive trading volume of over $100 million within just a few hours of its launch.

As a crypto investor, I’ve noticed that Jenner, the cryptocurrency token I invested in, continued to see significant trading activity just two days after its weekend launch. According to Dexscreener’s latest data, Jenner was worth over $60 million at the current market price.

Caitlyn Jenner alleges crypto scam

In just two short days, the excitement surrounding the token caused its value to surge over 19,000%, going from a mere $0.000062 to an impressive $0.042. However, after this significant increase, its price has since dipped down to $0.028. The question of whether her account was hacked or not still hangs in the balance.

However, Jenner dismissed that she was ‘hacked’ and stated,

“I have not been hacked, and keep sending this to the moon.”

Roxo, another user, contended that Sahil Arora didn’t truly hack Kylie Jenner’s account, but instead manipulated it through social engineering. Last week, Arora allegedly orchestrated at least five influencer scams, including Jenner’s.

It’s intriguing to note that when inquired about Sahil’s involvement in the scam, Jenner admitted that yes, it was indeed Sahil who had deceived them.

“F**K SAHIL! He scammed us! BIG TIME!”

Sahil didn’t stop at Jenner, but also scammed a rapper known as Rich The Kid.

As a analyst, I’d rephrase that sentence as follows: Iggy Azalea, the well-known rapper, recently shared some content related to cryptocurrencies on her social media platform, specifically mentioning Solana. However, she has since clarified that she is not associated with Sahil in any crypto-related capacity.

“I was in contact enough to smell he’s a b*tch”

Sahil Arora’s actions extend beyond the realm of cryptocurrency. In the year 2017, the founder and CEO of India’s prominent fintech company PayTM, Vijay Shekhar Sharma, leveled accusations against Sahil Arora, alleging impersonation and identity theft.

From my perspective as an analyst, it appears that the speculation regarding Azalea and Jenner’s social media accounts being “hacked” may not hold true according to certain market experts.

As an analyst, I’d observe that a mere 1% of the individuals wagering on Polymarket’s prediction market anticipated that Caitlyn Jenner’s account had been breached.

Over the weekend, it was reported that a well-known and respected cryptocurrency trader and influencer, known as GCR Classic, was allegedly hacked.

As an analyst, I would rephrase that sentence as follows: I have uncovered information suggesting that the accused parties utilized their control over the GCR Classic account to manipulate the markets of Solana’s meme coin CAT and Bitcoin-based ORDI through pump-and-dump schemes.

One user has pointed out a concern regarding certain meme coins. Without a substantial following and supportive community, these coins may be prone to rapidly losing value, potentially serving as a disguise for an exit scam.

So, caution and due diligence are crucial when dealing with new meme coins and tokens.

2024-05-29 11:03

Caitlyn Jenner alleges crypto scam

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