The Kardashian Family Enters the Meme Coin Arena
With the arrival of ETFs, players’ expectations for altcoins on Ethereum (ETH) continue to grow.
As the price of Ethereum continues to rise, fueling the altcoin market, and with the US elections revealing a positive attitude towards cryptocurrencies, the already lively meme coin race has become even more lively. The speed at which new meme topics emerge is even faster than people changing their positions and switching coins.
Today, the market was flooded with the meme coin $Jenner launched by Caitlyn Jenner, the stepfather of the famous American influencers, the Kardashian sisters. From Pump.fun to the secondary market, the coin’s price skyrocketed by thousands of times, leaving people in awe.
However, upon further investigation, we discovered that the whole development of the situation was quite dramatic:
The Coin Launch
The reality show “Keeping Up with the Kardashians” has been recording for fourteen years and can be considered a well-known reality show in the United States. The show mainly revolves around the daily lives of the Kardashian family. Therefore, Caitlyn Jenner, as the stepfather of the Kardashian sisters, is also a nationally recognized influencer.
Around 4 am, Caitlyn Jenner’s Twitter account posted a photo of her shaking hands with Donald Trump with the caption “make america great again!!! and we love crypto!” and attached a link to the $Jenner token on pump.fun. Immediately after that, Caitlyn Jenner tagged several famous crypto Key Opinion Leaders (KOLs) on Twitter, referring to them as “crypto kings!”
Caitlyn Jenner’s tweet immediately caught the attention of a large number of community players. However, since she was not a crypto player before, many players’ initial reaction was that Caitlyn Jenner’s account had been hacked, and hackers were using her influence to quickly cash out.
As the coin price soared, the truth became more obscure
But opportunities are fair. While some hesitated, others had already bought in at lightning speed. Within half an hour of its launch, $Jenner had surged 15 times. As the price kept rising and players nervously bought in, Dev sold tokens worth 160 SOL, causing the price to plummet. Suddenly, the comments section on pump.fun was filled with mockery and insults, and players became even more convinced that this was a trick played by hackers after hijacking Caitlyn Jenner’s account.
Subsequently, the token price naturally began to decline. At this point, a reversal occurred: Caitlyn Jenner posted a story about the $Jenner token on her Instagram account, and her manager, Sophia, also reposted the story. At the same time, Caitlyn Jenner actively responded to players’ comments on Twitter, stating that her account had not been hacked.
Did the hackers stage a full show? If it wasn’t hackers, why did Dev sell the tokens? In a state of uncertainty, players launched a new wave of attacks on $Jenner.
Then, Caitlyn Jenner posted a video on Twitter showing her face, confirming that $Jenner was indeed released by her team. She mentioned that she was currently playing golf and couldn’t make a personal appearance.
As soon as the video was released, most of people’s concerns were dispelled, and the price of $Jenner began to surge.
Just as players were celebrating, new doubts arose: some people began to accuse Dev of past fraudulent activities and claimed that Caitlyn Jenner’s face video was forged using AI technology. FUD spread, and $Jenner was swiftly cut in half.
Seeing the situation spiraling out of control, Caitlyn Jenner’s Twitter account directly held a Space session, and her manager, Sophia, planned to personally debunk the rumors in the Space. With this move, the tweets providing solid evidence of the “debunking” disappeared one after another, and the token price began to surge again. Just when everyone thought, “This is it,” an unexpected twist occurred: during the Space session, Sophia mentioned that the team might launch a new token. Hearing this, the already exhausted players started frantically selling the tokens, causing the price of $Jenner to plummet once again, and the candlestick chart revealed a sense of despair.
During the spiral decline in token price, Caitlyn Jenner’s Twitter account announced that the team would focus solely on $Jenner and would not launch any other tokens.
Within just two hours, retail investors were left speechless after being tossed around several times. This dramatic event also sparked continuous discussions within the Twitter community, and Caitlyn Jenner actively retweeted the community’s discussions about $Jenner.
Seeing the popularity rise, some retail investors were still hesitant to join. Maybe it was due to the mentality of rather killing by mistake than letting go, and they once again drove up the price of $Jenner.
With both the price and popularity in place, Caitlyn Jenner took advantage of the momentum and released a new video on Twitter. In the video, Caitlyn Jenner appeared in a bathrobe, responding to the doubts and debunking rumors on Twitter.
After the video was released, undecided retail investors took a leap of faith, and the token price ultimately skyrocketed. As of now, $Jenner has risen nearly a thousand times from earlier, and the price is still high.
Although there are still doubts about Dev’s token dumping behavior, judging from the price trend, retail investors have decided to buy into the story of $Jenner.
With emergency Spaces and face videos debunking rumors, this series of actions has caused Caitlyn Jenner and her team a great deal of turmoil. Whether it was due to internal conflicts within the team or lack of experience, the unique experience of launching a token for the first time must have left a deep impression on the entire team. But when influence can easily be monetized, why wouldn’t the team take advantage of it? Although the process was full of twists and turns, with the rising price of $Jenner, Caitlyn Jenner’s entire team definitely made money.
However, retail investors who went through all the turmoil may not have been as fortunate. They also experienced constant exhaustion from being tossed around, with their real money at stake. Experiencing multiple plunges and sudden surges within half a day can be quite distressing, even for experienced players, who are calling it a drama.
Those familiar with the Kardashian family may know that their lives on the show are already dramatic enough, but for retail investors in the crypto market, this kind of drama might just be a normal daily occurrence.
In the crypto market, one day is like a year in the real world, and retail investors who are constantly entangled in countless new narratives inevitably experience continuous mental exhaustion and accelerated aging.
The truth of the story is difficult to determine, but the only thing that can be confirmed is that behind the chaos, the ones who are left with nothing and haven’t profited are always the retail investors.
This article is a collaborative reprint from DeepTech.
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The Kardashian Family Also Launches a Cryptocurrency Jenners Rollercoaster Ride in the Crypto Market Continues the Launch Process Remains Dramatic
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