Caitlyn Jenner's Twitter Account and the Meme Coin Promotion
- Caitlyn Jenner's X account — Promoted a meme coin, JENNER, on the Solana blockchain, sparking debate on its authenticity.
- Hack concerns — Many users questioned if the account was hacked due to past celebrity account compromises for similar promotions.
- Deepfake speculation — Some users suggested the videos promoting the meme coin were deepfakes, casting doubt on their authenticity.
- Market impact — The JENNER token saw over $100 million in trading volumes within 24 hours of its launch, despite the confusion.
- Golfing alibi — A Twitter Space session was hosted by Jenner's account, with an alibi that she was out golfing, to address the hack concerns.
- Manager involvement — Jenner's manager, Sophia Hutchins, appeared in a video to affirm the promotion's authenticity and deny the hack claims.
- Market cap — The JENNER token's market cap reached over $30 million, indicating significant interest and investment in the meme coin.
- Donald Trump link — The meme coin promotion included a picture of Jenner with Donald Trump, who has recently declared support for crypto.
From nz.finance.yahoo.com
American celebrity Caitlyn Jenner apparently launched a token, JENNER, on the Solana blockchain, but its legitimacy was questioned due to past celebrity X account compromises.
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Authenticity Debate
- Initial promotion — The JENNER token was first promoted with a tweet from Jenner's X account, encouraging followers to share their favorite memecoins.
- Hack denial — Despite widespread skepticism, Jenner's account and her manager maintained that the promotion was not a result of a hack.
- Video evidence — Videos featuring Jenner and her manager were shared to prove the authenticity of the promotion, but some users still doubted their veracity.
- Rich the Kid connection — Rapper Rich the Kid's similar promotion and subsequent deletion of tweets added to the suspicion of a coordinated hack.
- Polymarket bet — A bet on Polymarket regarding whether Jenner's account was hacked showed that only 7% of users believed it was compromised.
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Despite skepticism among market participants and claims of being a hack, Jenner's account continued to promote the token, even releasing a video that appeared to confirm its authenticity.
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Market Impact
- Trading volumes — The JENNER token saw over $100 million in trading volumes within less than 24 hours of its launch.
- Market cap — Despite the authenticity debate, the meme coin's market cap reached over $30 million, indicating significant investment.
- Pump.fun launch — The token was launched via Pump.fun, a token launchpad, on the Solana blockchain, contributing to its rapid market impact.
- Rich the Kid's involvement — The connection between Rich the Kid's promotion and the subsequent deletion of tweets added to the market's uncertainty.
JENNER tokens scored over $100 million in trading volumes less than 24 hours after going live.
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Involvement of Donald Trump
- Timing — The promotion of the JENNER token coincided with Donald Trump's public declaration of support for crypto.
- Picture with Trump — The initial tweet promoting the meme coin featured a picture of Jenner with Donald Trump, emphasizing their shared support for crypto.
- Trump's influence — Trump's recent support for crypto as part of his campaign may have influenced the timing and messaging of the meme coin promotion.
