Beware of celebrity tokens: Caitlyn Jenner nets $450K from Solana meme coin frenzy
After one cryptocurrency trader attracted attention by seemingly hitting the jackpot with a very new token , Caitlyn Jenner (JENNER), the celebrity -launched crypto assets have come into the limelight over their massive potential to bring (even more) money to the individuals behind them. 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 Lookonchain in an X thread on May 31. Celebrity crypto tokens transactions. Source: Lookonchain Specifically, the platform’s team revealed that Jenner launched the JENNER token 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. Picks for you ...