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Caitlyn Jenner Promotes $Jenner Cryptocurrency on Solana Amid $25M Market Cap and Deepfake Allegations

May 27, 2024, 03:32 PM

Caitlyn Jenner's social media accounts have been used to promote a new cryptocurrency called $Jenner on the Solana blockchain. Initially, there were allegations that her accounts had been hacked, but her manager, Sophia Hutchins, confirmed that no hacking occurred. Instead, Jenner's team was socially engineered by a developer named Sahil Arora, who allegedly scammed them. The $Jenner token quickly reached a market cap of $25 million and saw over $100 million in trading volume within 24 hours. Despite the controversy, Jenner continues to promote the token, which has fluctuated significantly in value, reaching up to $40 million and dropping to $10 million. The token's value increased by 15,000% in less than 24 hours. The incident involved deepfake videos and cross-platform posts.