Caitlyn Jenner, an Olympic gold medal winner, seems to have rolled out a meme coin via the pump.fun platform. The news broke Monday afternoon, causing massive excitement among crypto fanatics on X, formerly Twitter. For this reason, we made it our mission to find the man who claims was behind the deployment of Jenner’s meme coin on pump.fun.
Sahil Arora told popular news website Decrypt that he created the Jenner-inspired token. He claimed that he was connected with almost all American celebrities. After Arora’s identity was uncovered, some crypto sleuths began tracking his on-chain activities and reported that they discovered one of his crypto addresses was involved in several pump-and-dump schemes.
The sleuths claimed that Arora’s address held a significant amount of JENNER tokens before launch and dumped them immediately after the meme coin started trading on decentralized exchange Raydium, making a profit of $16,000.
“My X Account Isn’t Compromised,” Jenner Assures Crypto Users
The launch of JENNER resembled numerous celebrity hacks that have happened in recent years. Multiple influential individuals like Ethereum founder Vitalik Buterin, the US former President Barack Obama, and Tesla founder Elon Musk have seen their X accounts compromised. In most cases, the hackers use these popular X accounts to share links to fraudulent websites or meme coins while urging X users to invest.
So, crypto enthusiasts on X were understandably cautious about JENNER when Jenner shared the link to the meme coin with the caption, “I love crypto.” The decathlete continued to shill the JENNER token for several hours to prove that her X account had not been compromised. Jenner’s assistant, Sophia Hutchins, also shared a video of her boss promoting the meme coin, but many believed it was a deepfake.
However, Jenner posted another video on her X handle that appeared to have silenced many doubters. A few hours after the video clip dropped, JENNER rallied 23,000%, according to data from Dexscreener.
Crypto Influencer Dumps Another Token
It is worth mentioning that Jenner’s meme coin was launched the same day that the X account of well-known cryptocurrency trader GCR was compromised, with the hacker promoting two tokens before dumping them. Notably, popular rapper Rich The Kid shared a Pump.fun link on his X account and deleted it within a few minutes. Crypto sleuths who opened the link in time were directed to a meme coin dubbed RICH. They later claimed that one wallet address purchased and dumped a massive amount of RICH and JENNER tokens. The address belonged to Arora.
On Monday evening, Rich The Kid confirmed the sleuths’ findings in a video, calling out Arora for scamming him. The American Rapper has promised to launch his RTK token in the near future.
Meanwhile, Decrypt has shared a copy of a contract between Arora and Jenner, which the crypto influencer sent to the news platform. However, Jenner has yet to confirm if it’s real. Arora claims that he has received hundreds of DMs from celebrities who want to collaborate in launching digital tokens. Without providing any proof, he says he has previously been involved in projects featuring celebrities like Liam Payne, Neyo, Tyga, and Soulja Boy.
Arora Called Out for His Involvement in Scams
On Tuesday morning, crypto fanatic Roxo called out Arora on X for running five rug pulls connected to American celebrities over the past few days. According to Roxo, Arora’s wallet address that dumped JENNER and RICH tokens was involved in three other scam crypto projects.
In his Telegram group, Arora called Roxo’s claims “lies” while revealing plans to roll out more tokens with actors and artists soon. The crypto influencer is currently promoting a meme coin called Ivan Knoll in the Telegram group. Ivan Knoll is the name of former Miss Croatia. It is unclear if she’s aware of the token.
Meanwhile, Jenner has claimed that Arora scammed her, but she will continue investing and marketing the JENNER meme coin.
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