JENNER generated $28.3 million in quantity inside 1.5 hours of launch.
Caitlyn Jenner, a former athlete and media character, has discovered herself on the middle of a heated controversy after her X (previously Twitter) account promoted a cryptocurrency through the token launchpad Pump.enjoyable.
On Sunday afternoon, Jenner’s X account posted a hyperlink to a Solana-based token known as JENNER that includes the caption “make America nice once more and we love crypto,” alongside a photograph of her with former U.S. President Donald Trump.
This left the crypto neighborhood bewildered and questioning the legitimacy of the put up.
Regardless of the doubts, the token shortly gained traction, producing $28.3 million price of quantity in 90 minutes to succeed in a market cap of $8.5 million.
Addressing the skepticism, Jenner’s account denied any hacking in subsequent tweets. “Nothing has been hacked,” she mentioned. A follow-up video reiterated that the token was “for actual.”
On the identical day, Trump expressed his robust help for cryptocurrency on Reality Social, stating he’s “very constructive and open-minded to cryptocurrency corporations and all issues associated to this new and burgeoning business.”
Ongoing doubts
Many X customers recommended Jenner’s social media had been compromised, speculating that the video might need been created utilizing AI expertise.
“That is NOT Caitlyn Jenner, and that is AI,” tweeted X person, @Captl_G. “Take a look at the eyebrow motion. You might be being baited into probably the most iconic rugpulls to hit SOL.”
One other person, @cyborgnfts, echoed the priority, tweeting, “AI is getting scary.”
The token’s launch adopted the X account of the distinguished crypto influencer, Gigantic Rebirth (GCR), getting hacked on Might 26. GCR’s account was commandeered to promote the ORDI and LUNA2 tokens, solely to realize a measly 10% wick on ORDI.
Controversy
Nonetheless, crypto influencer CryptoRoxo recommended that the JENNER token probably did come from Jenner’s circle, however speculated the token was concocted by a shady “intermediary.”
“She was by no means hacked,” CryptoRoxo claimed. “Her staff was socially engineered by a man named Sahil. He acted because the ‘intermediary’ to launch the token for Caitlyn because the staff was unfamiliar with crypto.”
The crypto influencer Roxo alleged that after facilitating the token launch and securing Jenner’s promotion, Sahil instantly offered off all tokens Jenner’s whole stash of tokens, which Sahil held on her behalf.
“Caitlyn’s supervisor appears clueless. She talked about on Areas that Sahil is holding all of the tokens for them,” he added. “ In actuality, in the event you look on-chain, you possibly can see he dumped all of it. The staff was tricked and would not appear to know they have been swindled. Caitlyn’s staff nonetheless has the rip-off tweet up asking individuals to ship tokens.”
Roxo additionally claimed Sahil was behind 5 “influencer rugs” over the previous week, together with tokens related to rappers Soulja Boy and Wealthy The Child, and fashions Ivana Doll and NormieKazumi.
In the meantime, on the prediction platform Polymarket, punters are betting with 94% certainty that Jenner’s X account was not compromised.
Jenner’s Instagram account continues to share the hyperlink to the token, aligning with the tweets on her X account.
Jenner didn’t instantly reply to The Defiant’s request to remark.
