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The Caitlyn Jenner price has slumped 25% in the past 24 hours to trade for $0.01790 as of 04:20 a.m. EST.
It comes amid confusion over whether Jenner, the former Olympic gold medal-winning decathlete and TV personality, is behind the Solana-based JENNER token, or whether her X account was hacked to promote it.
Barely hours after its debut, the JENNER token soared past the $100 million threshold in trading volume, attracting mainstream attention.
The market capitalization of the JENNER token surged to $43 million within the first 24 hours, DEX Screener data shows. Its market cap has since plunged back to $18 million following reports that a scammer was pedaling the token in what appears to be a pump-and-dump scheme.
In a recent post on X, Jenner seems to acknowledge being scammed, accusing meme coin collaborator Sahil Arora of the swindle.
FUCK SAHIL!
He scammed us!
BIG TIME!
@Ryan_S_Gladwin https://t.co/flSWpT872g— Caitlyn Jenner (@Caitlyn_Jenner) May 28, 2024
Then the account says there are plans to continue investing and promoting the JENNER token. “[JENNER] isn’t going anywhere but up,” it says.
That doesn’t mean I won’t be investing and continuing to promote $Jenner – but Sahil appears to be fully out, at the moment, https://t.co/B6BuvUrULx
— Caitlyn Jenner (@Caitlyn_Jenner) May 28, 2024
This is not the first time Arora is accused of a scam. Recently, American rapper Dimitri Leslie Roger, known by the stage name “Rich the Kid,” accused Arora of hacking his X account.
Allegedly, Arora promoted the recently launched “RICH” token after commandeering Rich the Kid’s account. The rapper said, “This guy pretty much made a pump-and-dump and dumped all the money into his account and blocked me.”
Stay tuned for the official RTK token ! 🚀 pic.twitter.com/5fvyeaM5wL
— Rich The Kid (@richthekid) May 27, 2024
Arora has been linked to multiple other hacks seen to promote celebrity token launches, including ZUMI, inspired by adult content creator Kazumi.
Safe to assume there’s Twitter admin access leaked, GCR, Jenner, Rich the Kid and Kazuki all on the same day..? 🤔
— Code (@CodeXBT) May 26, 2024
The FUD (fear, uncertainty, and doubt) surrounding the scam has inspired a sell-off among JENNER token holders. Concerns of a pump-and-dump have spelled doom for the token, impacting its market value and overall perception.
Caitlyn Jenner Price Prediction
The Caitlyn Jenner price is attempting a recovery rally on the one-hour timeframe. However, it appears hopium, at least for now, as JENNER market value remains well below the trendline of the Fibonacci retracement indicator.
More closely, the Caitlyn Jenner price is yet to make it into the Fibonacci Golden Zone as it confronts the resistance due to the 61.8% Fibonacci retracement level of $0.01856. With this level holding as resistance, the Caitlyn Jenner price is trading sideways in a horizontal chop.
If it continues holding above the ascending trendline, it could see JENNER token holders realize more gains. However, only a stable close above the 38.2% Fibonacci retracement level of the $0.02773 threshold would open the clouds for more gains. Noteworthy, a candlestick close above this level would mean the Solana-based meme coin has overcome the Golden Zone, where massive volatility and resistance is expected.
A strong move above $0.02773 would provide the jumping-off point for a continuation to reclaim the May 27 range high of $0.04258.
GeckoTerminal: JENNER/USD 1-hour chart
Converse Case
However, looking at the subdued Relative Strength Index (RSI), as well as the Moving Average Convergence Divergence (MACD) in negative territory, the market is still leaning in favor of the downside.
Amid prevailing FUD, the Caitlyn Jenner price could slip below the ascending trendline after a rejection from the 61.8% Fibonacci retracement level of $0.01856. The next logical target would be the 78.6% Fibonacci retracement level of $0.01203. In a dire case, the load-shedding exercise could send the token down to the bottom of the market range at $0.00371.
Even as Solana-based projects make headlines, some investors are turning to SEAL, a Solana-based token that has just sprinted past the $3 million threshold in sales. Crypto analysts and YouTuber Oscar Ramos provides a detailed explanation of how it works.
Promising Alternative To Caitlyn Jenner
SEAL, which powers the Sealana ecosystem, is a promising alternatives to the JENNER coin. The token distinguishes itself through a lighthearted narrative, which focuses on a seal trader who is so absorbed in the degen market that he’s abandoned the gorgeous figure of his youth for a trader’s diet of chips and tinned tuna.
His obsession with finding the next big Solana meme coin keeps his flippers busy and his living room a big fat mess.
New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers.
#SolanaMemecoin pic.twitter.com/zqP73U7Mk3— TechStory (@TechStoryin) May 5, 2024
The novel concept has fueled a stellar launch, surpassing $3.19 million in sales. Jacob Bury, a crypto analyst on YouTube, says that SEAL has the potential to surge 10X after launch.
SEAL has no timer, stages, hard cap, or even a white paper. That means that the ICO could end at any time and that if you are interested to invest the best time is now.
Visit and buy Sealana here. Each SEAL token is selling for only $0.022.
Also Read:
- How to Buy Sealana – SEAL Presale Review
- Solana’s SEALANA ($SEAL) Is Bringing Back Meme Coin Greatness, Raises $300,000 In Opening Week
- Top 3 Presale Crypto Gems to Invest in Before May Ends – Dogeverse, Sealana, and 5th Scape
- Is Sealana the Next Big Solana-Based Meme Coin? – TodayTrader Presale Review
- Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024
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