In one night, a 30,000% increase, celebrity Caitlyn Jenner launches Trump-themed MEME coin?

Last night, a MEME coin called JENNER emerged, showing a 24-hour increase of 29,659% on the OKX Web3 wallet, with a circulating market cap of about $15 million.

Image: From Pump.fun

What’s the story behind this coin?

The code JENNER comes from a person named Caitlyn Jenner, and the token's avatar is also her own image. This coin was initially launched on the MEME coin launch platform Pump.fun on Solana.

Tracking on X shows that its introduction tweet is "Make America Great Again, we love cryptocurrency."

The accompanying image features the protagonist with Trump.

From this, we can confirm that this is a Trump-themed coin.

But that's not all; this person named Caitlyn Jenner has quite a background.

Her name translates to 凯特琳·詹娜 in Chinese; she is a former Olympic champion in athletics, an actress, a screenwriter, and a voice actress. Her notable work includes "Jack and Jill." In 1976, she won the men's decathlon championship at the Montreal Olympics.

In June 2015, she announced that she had completed gender reassignment surgery and changed her name to Caitlyn Jenner.

Additionally, she comes from the well-known American socialite family, the Kardashian family, and is the father of models Kendall Jenner and socialite Kylie Jenner.

Regarding this family, I believe that, aside from giving off a sense of success in American high society, there is also a feeling that they are very adept at creating buzz and manipulating media and social media.

Just like the protagonist this time, on one hand, she is a typical representative of the American Dream; on the other hand, she has lived her entire life in the spotlight, holding absolute influence on certain public issues, and her actions are often unexpected, making headlines in no time.

Currently, on X, she has 3.35 million followers and tends to speak several times a week. From recent posts on X, Caitlyn Jenner shows a strong political inclination; for instance, she is definitely a "fan" of Trump, a top supporter of him, with numerous politically related statements on X, many of which strongly back Trump.

Is this project just a quick cash grab, or will it continue to play out?

Last night, many things actually happened, and the story behind this coin can be described in four words: perplexing and mysterious.

Let’s take a look at the post from KOL 0xSun on X. The content is as follows:

"The most mind-boggling episode, group friends discovered that @Caitlyn_Jenner, an account with 3.3M followers, posted a Pumpfun. Upon checking, it turned out to be the father of the Kardashian family, so they quickly bought 2 SOL. However, that night, the GCR Twitter hacking incident happened, and this tweet tagged several well-known CT accounts in the comments. My first reaction was that his Twitter was also hacked, but after all, the Kardashian family is considered top-tier in the U.S., so there would definitely be short-term hype, and the internal market could be played. It just wasn't suitable to chase high prices, mainly worried that the original tweet would be deleted soon to clarify, so I sold it around 250k, totaling 17 SOL.

Unexpectedly, the buying pressure was very strong, surging to nearly 2M. Just as I was lamenting my missed opportunity to sell at a tenfold profit, the Dev started selling off their chips, clearing out in just two transactions. I thought this action confirmed it was a hacked account and a fake coin, but then Caitlyn's Instagram posted a story mentioning this coin, and her agent and partner Sophia also shared the story. Caitlyn was also frantically replying to those questioning her, stating that this coin was indeed issued by her and that she had not been hacked.

These actions made the whole event even more perplexing. If it was indeed her issuing the coin, why would she choose to sell all her chips so early? If it wasn't her coin, why continue to promote it vigorously after the Dev wallet was cleared? However, regardless, the presence of two Instagram accounts' stories significantly increased credibility, so I gradually bought back 50 SOL.

Twitter was buzzing with discussions about this matter, and the price fluctuated accordingly. At this point, Sophia released a major bombshell, uploading a video of herself confirming that this coin was indeed issued by her and her team, and that Caitlyn was currently playing golf and could not appear. The emergence of this video caused the coin price to start rising rapidly, and I sold all my tokens in the 5~8M range, making a profit of 70 SOL.

However, the good times didn't last long; soon, someone claimed that this video was synthesized using Deepfake AI technology, and others shared screenshots of Twitter DMs, saying this was a habitual gang that specializes in stealing celebrities' social media to issue coins. These definitive negative messages caused the coin price to experience a rollercoaster, dropping back to 4M.

Subsequently, Sophia directly held a Space using Caitlyn's account, and many negative comments were deleted. It seemed that the balance of victory had completely tilted, and the coin price broke through 20M. Who would have thought that Sophia would then state in the Space that they might launch a new token? This statement caused the coin price to plummet to 6M, followed by more fluctuations."

The above is 0xSun's brilliant elaboration on the story of this token.

In summary, it currently appears that this JENNER coin still gives a sense of being shrouded in mystery.

I believe that from this coin, some interesting observations can be made.

First, Trump is undoubtedly the top traffic magnet in the current crypto space; anything associated with Trump can be hyped. It is essential to keep a close eye on Trump's statements and related narratives.

Second, since Trump has made many supportive statements regarding the crypto space, as his number one fan, Caitlyn Jenner might still stir things up in the crypto field.

Third, if this coin is genuine and not a hacked account, it can be seen that this team is not very "professional" and somewhat disorganized. The subsequent trends will be greatly influenced by the team's statements. If participating, it is advisable to subscribe to her personal X account for updates.