Some users suspected that Caitlyn Jenner’s X account had been hacked based on some of her videos and tweets promoting a new meme token.

Caitlyn Jenner, a well-known American media personality and former Olympic gold medalist, recently promoted a new type of meme token on her account X. The token, called $JENNER, was issued on the Solana-based decentralized exchange (DEX) Pump.fun.

Despite skepticism from some crypto community members on X, the meme token has already absorbed more than $24 million in market capitalization, according to on-chain analytics platform DEX Screener.

Jenner Promotes New Meme Token

Caitlyn Jenner began promoting Meme Token through her X account on May 26, after Donald Trump, who has been open to cryptocurrencies, promised to “stop Elizabeth Warren and her team from interfering with (the American people’s) Bitcoin.” As an Olympic celebrity, Jenner has been a staunch supporter of Trump in his presidential campaign against Joe Biden.

Caitlyn Jenner follows some well-known crypto insiders despite promoting her eponymous Solana-based meme token through her X account. The media personality and her alleged manager Sophia Hutchins assured the crypto community through video clips that Jenner’s account had not been hacked. However, some users still suspect that the video posted by Jenner may have been created with deepfake technology.

Jenner's manager informed users through the Spaces feature of the X platform that Jenner could not live broadcast because she was participating in a golf event.

Less than a day after the launch of the meme token $JENNER, it quickly gained a multi-million dollar market cap and a whopping $183 million in trading volume. The Solana-based token surged 39,000% in value, trading at $0.024 at one point. This dramatic growth was largely driven by Jenner’s massive fan base on social media. She has 3.3 million followers on the X platform and 15.6 million followers on Instagram, which shows her influence on the cryptocurrency market.

Is this real or a hack?

Despite Jenner and her manager releasing a confirmation video, and the Meme Token performing well in the market, its authenticity was still questioned by some users.

American rapper Rich the Kid’s X account also promoted a meme token like Jenner’s X account. However, the relevant tweets have since been deleted.

An X-platform user named CodeXBT believes that malicious actors manipulated the cryptocurrency ads on the two accounts. The user also said that a notorious scammer in the AVAX ecosystem named Sahilsays may be behind the attack.

Conclusion:

Caitlyn Jenner’s promotion of $JENNER, a new meme token based on Solana, has aroused widespread attention and discussion in the crypto community. Although her X account posted relevant promotional content and the token achieved significant trading volume and market capitalization in the market, community members were skeptical about the authenticity of this behavior. Some users even suspect there may be hacking or manipulation behind these promotions.

In addition, similar promotions were seen on the X account of American rapper Rich the Kid, but the relevant tweets have been deleted, adding to the mystery of the incident. The accusation by community member CodeXBT draws attention to possible malicious actors and market manipulation.

The incident highlights the risks in the cryptocurrency market, especially token promotion activities associated with social media influencers. It reminds investors to be vigilant when participating in market activities, carefully screen information sources, and consider potential market manipulation.

Ultimately, whether it is a genuine promotional activity or a security vulnerability, this incident reflects the importance of trust, security and transparency in the cryptocurrency field. The community and market participants need to work together to ensure a healthy and fair market environment, protect the interests of investors, and promote the positive development of cryptocurrency. #Meme币 #黑客入侵 #Jenner