🚀🎉 Buckle up, Bitcoiners! The meme coin frenzy is taking a wild turn with celebrity-backed tokens. Caitlyn Jenner, American TV personality, has jumped on the bandwagon with her JENNER token. She launched 12 meme coins on the Solana blockchain in just four days, raking in a cool 2,381 SOL, or $405,000. 💰💰

Jenner's strategy? Launch tokens like JENNER, buy big, and sell quick for hefty profits. For instance, she bought 44.56 million JENNER tokens for 1.3 SOL and sold them for 253 SOL, pocketing a profit of 252 SOL, or $43,000. 🤑👍

Despite initial doubts about Jenner's social media posts promoting the token, the former Olympian confirmed her endorsement, quelling fears of a potential hack. But be warned, crypto enthusiasts! Celebrity-endorsed tokens often lure unsuspecting traders, leaving them financially drained. 😱💔

A market player, 'Cold Blooded Shiller', warns that historically, celebrity-backed projects have failed, often losing all value within hours or days of launch. He advises viewing celebrity endorsements of meme coins as opportunistic "cash grabs". Celebrities latch onto these buzzwords to capitalize on the hype, prompting a snowball effect where more people rush to invest without understanding the risks. 😬🚫

So, while we're all for the Bitcoin optimism, let's stay savvy about these celebrity-endorsed meme coins, folks! 🤓👊