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Caitlyn Jenner has been actively promoting a meme coin launched through the token launchpad Pump.fun on X, with some questioning whether the celebrity’s account has been hacked.
The first post was made on May 26, and included a link to the crypto with the ticker JENNER. Within just the first hour after the token launched, it recorded $7 million in trading volume.
Caitlyn Jenner X Account Activity Surges In The Past 24 Hours
Multiple crypto-related posts have been shared on Jenner’s X account since the first mention of the meme coin. During this wave of activity online, posts claiming that the account has not been hacked were also published.
“I have not been hacked and keep sending this [token] to the moon. I’m out on the golf course enjoying my Sunday and I will not be going live in spaces today,” a post made on Jenner’s account said.
Here is Sophia Hutchins, my manager, rest assured. I have not been hacked and keep sending this to the moon. I’m out on the golf course enjoying my Sunday and I will not be going live in spaces today. My team is managing this launch. it is authentic. Keep it up🚀🚀🚀 pic.twitter.com/LTZx65rEZJ
— Caitlyn Jenner (@Caitlyn_Jenner) May 26, 2024
Despite fears that the X account was hacked, several traders capitalized on the opportunity and managed to generate substantial profits trading the meme coin. One X user claimed to have turned 4.33 SOL into $100k.
In the past 24 hours, the token’s price has surged over 315% to trade at $0.02489 as of 4:00 a.m. EST, according to data from Pump.fun. Its market cap has also climbed to more than $25 million.
Rich The Kid X Account Also Promotes Suspicious Meme Coin
Jenner is not the only celebrity to have promoted a meme coin launched on Pump.fun in the last 24 hours. American rapper “Rich The Kid” also posted a link for his 2.3 million followers to a new token called RICH.
RICH soared to a market cap of $90k in just the first two hours after its launch. Although no statement has been made confirming whether the account has been compromised, the post has been deleted.
Pseudonymous X user Code claimed that both the Jenner and Rich the Kid tokens are connected. “With everyone getting hacked left and right, I wouldn’t trust tweets today,” the X user said in a post.
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