American celebrity Caitlyn Jenner launches the meme token "JENNER," with some market observers expressing skepticism

ChainCatcher news, according to CoinDesk, American celebrity Caitlyn Jenner launched a meme token called "JENNER" on the Solana blockchain on Sunday night. Due to previous incidents where celebrity social media accounts (X accounts) were hacked for misleading promotions, market participants are skeptical and claim it is a hacking attack. Jenner's account continues to promote the token and has posted a video that seemingly confirms its authenticity. The JENNER token saw over $100 million in trading volume within less than 24 hours of its launch.

Market observers are skeptical of the token, as several American celebrities have previously been charged by the U.S. Securities and Exchange Commission (SEC) for promoting tokens.