A group of JENNER memecoin buyers sued Caitlyn Jenner, claiming she made “false and misleading statements” about the token, which they allege is an unregistered security.
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Celebrities who have brazenly shilled their own memecoins on X in recent months run a high risk of attracting the attention of the SEC and class action lawyers.
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The self-proclaimed hacker behind Sydney Sweeney’s X account also claims they were behind similar recent hacks on 50 Cent and Hulk Hogan.
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The Iggy Azalea-launched “MOTHER” is the only token launched by celebrities last week still hitting new all-time highs. It has now amassed a market cap of $130 million.
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Caitlyn Jenner has seemingly acknowledged her connection with memecoin adviser Sahil Arora, alleging he “scammed” her, but says she will continue to invest in and promote the JENNER token.
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A person associated with Caitlyn Jenner’s JENNER coin launch rugged five other prominent figures, but not her, according to Roxo.
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The social media accounts of famous traders, rappers and even Caitlyn Jenner are shilling tokens in what many believe is part of an orchestrated string of hacks.
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