Prominent media personality Caitlyn Jenner was allegedly manipulated into promoting a scam cryptocurrency called JENNER, which saw a significant drop in value soon after its launch.

The incident sparked various reactions within the cryptocurrency community. Initial speculation suggested that Jenner’s account had been hacked. However, according to crypto community figure Roxo, Jenner’s account was not compromised but was manipulated by a middleman named Sahil.

@CryptoRoxo: She was never hacked, her team was socially engineered by a guy named Sahil. He was the “middleman” and his role was to launch the token for Caitlyn as the team didn’t know anything about crypto.

The initial tweet from Jenner’s X account endorsing the meme coin featured a photo of Jenner with former U.S. President Donald Trump. The tweet included a link to the meme token with the caption, “Let’s all win together!! Send me some of your favorite memecoins here.”

After the token’s launch, the developer sold all holdings, causing significant concern among investors. X user @0xPonga reported that the token, launched on pump.fun — a Solana-based platform for creating and trading meme coins — briefly surged to a $20 million market cap. These concerns were initially addressed by Jenner’s manager, Sophia.

Here’s a summary of what happened:

  • Initial Discovery: The @Caitlyn_Jenner account, with 3.3M followers, launched the $Jenner token.
  • Twitter Hacking Concerns: The same night, GCR’s Twitter faced hacking concerns.

It was revealed that the wallet address linked to the token had been previously involved in a similar incident with adult content creator Kazumi, who had promoted a different token, ZUMI, days before.

Despite the controversy, the X account is still actively promoting the token. The developer responsible for this social engineering has previously executed five successful rug pulls, promoted by various influencers.

Amid the uncertainties, the token saw an astonishing 28,000% surge in just one day. Data from DEX Screener shows that JENNER has now reached a market capitalization of $18 million, marking a significant milestone in the cryptocurrency market.

In a similar incident, the URF meme coin team executed a rug pull, vanishing with 2,400 SOL obtained during the coin’s presale. The meme token’s team on the Solana blockchain reportedly withdrew approximately $450,000 worth of Solana (SOL), according to on-chain researcher ZachXBT.

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