Cardano

Solana

Mother Iggy

<div class="finbold">
 <p class="paragraph">After one cryptocurrency trader attracted attention by seemingly hitting the jackpot with a very new <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>, Caitlyn Jenner (JENNER), the <a rel="noopener noreferrer nofollow" title="celebrity" href="https://thebittimes.com/tag/celebrity.html">celebrity</a>-launched crypto assets have come into the limelight over their massive potential to bring (even more) money to the individuals behind them.</p>
 <p class="paragraph">As it happens, Caitlyn Jenner herself has earned 2,381 SOL, or $405,000, by launching 12 meme coins on the Solana (SOL) blockchain in the past four days, according to the observations shared by market analytics platform <em>Lookonchain </em>in an X thread on May 31.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="711" src="https://cdn.thebittimes.com/images/2024/05/31/a167321dfb4a180e0ff116f6cfd2e9cf.webp" alt="Celebrity crypto tokens transactions. Source: Lookonchain" class="wp-image-179740" srcset="https://cdn.thebittimes.com/images/2024/05/31/a167321dfb4a180e0ff116f6cfd2e9cf.webp 800w, https://cdn.thebittimes.com/images/2024/05/31/a167321dfb4a180e0ff116f6cfd2e9cf.webp 300w, https://cdn.thebittimes.com/images/2024/05/31/a167321dfb4a180e0ff116f6cfd2e9cf.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Celebrity crypto tokens transactions. Source: </em><em>Lookonchain</em>
  </figcaption>
 </figure>
 <p class="paragraph">Specifically, the platform’s team revealed that Jenner launched the JENNER <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> on May 27 and spent 1.3 SOL ($221) to buy 44.56 million JENNER on the Pump.fun platform, after which she sold all of it for 253 SOL, earning her 252 SOL ($43,000), as per onchain data.</p>
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 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="404" src="https://cdn.thebittimes.com/images/2024/05/31/41533fc53e782ec23ea6d0770a0eb9cb.webp" alt="JENNER/SOL transaction data. Source: Lookonchain" class="wp-image-179739" srcset="https://cdn.thebittimes.com/images/2024/05/31/41533fc53e782ec23ea6d0770a0eb9cb.webp 800w, https://cdn.thebittimes.com/images/2024/05/31/41533fc53e782ec23ea6d0770a0eb9cb.webp 300w, https://cdn.thebittimes.com/images/2024/05/31/41533fc53e782ec23ea6d0770a0eb9cb.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>JENNER/SOL transaction data. Source: </em><em>Lookonchain</em>
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 </figure>
 <p class="paragraph">Furthermore, as <em>Lookonchain </em>pointed out, Jenner “transferred SOL to 2 addresses, of which address ‘”85feY8…soLxYd’ is the Binance deposit address. In the past 4 days, many addresses have transferred SOL to this Binance deposit address, which should be newly created addresses by Caitlyn Jenner.”</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="922" height="560" src="https://cdn.thebittimes.com/images/2024/05/31/3ae75d14d37fcca2736eca507d01e7b1.webp" alt="JENNER/SOL transactions. Source: Lookonchain" class="wp-image-179738" srcset="https://cdn.thebittimes.com/images/2024/05/31/3ae75d14d37fcca2736eca507d01e7b1.webp 922w, https://cdn.thebittimes.com/images/2024/05/31/3ae75d14d37fcca2736eca507d01e7b1.webp 300w, https://cdn.thebittimes.com/images/2024/05/31/3ae75d14d37fcca2736eca507d01e7b1.webp 768w" sizes="(max-width: 922px) 100vw, 922px">
  <figcaption class="wp-element-caption"><em>JENNER/SOL transactions. Source: </em><em>Lookonchain</em>
  </figcaption>
 </figure>
 <p class="paragraph">Finally, the analysts stated that they tracked the assets further, discovering that Jenner had “created many new addresses and launched 12 meme coins” and that she “bought the meme coins she launched and sold it for profit,” pocketing around 2,381 SOL or a whopping $405,000.</p>
 <p class="paragraph">Indeed, as per their conclusion, Jenner is not very good at hiding her onchain identity and activities as she transferred all of her profits into the same deposit address on Binance, one of the largest and most popular crypto exchanges in the world.</p>
 <h2 class="wp-block-heading" id="h-meme-coin-frenzy">Meme coin frenzy</h2>
 <p class="paragraph">As a reminder, one crypto trader made it big by purchasing nearly 430 million JENNER <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> for 1 Ethereum (ETH) (~$3,717.54) and later offloading 393 million JENNER in exchange for 89 ETH (~$330,000), as Finbold reported on May 30.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$Jenner is live NOW on $ETH. Official contract address to trade now: 0x482702745260Ffd69FC19943f70cFFE2caCd70e9 pic.twitter.com/9Bz9DCFvqz</p>— Caitlyn Jenner (@Caitlyn_Jenner) May 30, 2024
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 <p class="paragraph">Earlier, another individual managed to score a massive profit, turning a mere $800 investment into $657,000 in just a few hours by trading Mother Iggy (MOTHER) meme <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>, selling 5.14 SOL <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> to buy 86.55 million MOTHER, and then selling 80.41 million MOTHER.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/beware-of-celebrity-tokens-caitlyn-jenner-nets-450k-from-solana-meme-coin-frenzy-tbt90661.html">https://thebittimes.com/beware-of-celebrity-tokens-caitlyn-jenner-nets-450k-from-solana-meme-coin-frenzy-tbt90661.html</a></p>

Beware of celebrity tokens: Caitlyn Jenner nets $450K from Solana meme coin frenzy

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