American media personality Caitlyn Jenner has become the latest celebrity to accuse memecoin collaborator Sahil Arora of having “scammed” them, following a series of bizarre celebrity token launches on May 26.
“FUCK SAHIL! He scammed us! BIG TIME,” Jenner’s X account posted when asked whether Sahil Arora was behind the JENNER token launch.
The controversial token launch attracted plenty of attention as its market cap rose to $43 million within the first 24 hours, according to DEX Screener. However, it has since fallen 52.8% to $20.3 million.
Despite the fallout with Arora, Jenner iterated it doesn’t mean they won’t continue to invest and promote the JENNER token.
JENNER “isn’t going anywhere but up,” the former Olympic gold medal-winning decathlete said.
“But Sahil appears to be fully out, at the moment,” she added.
The crypto community is still debating whether the posts are genuinely from Jenner.
Interestingly, American rapper “Rich the Kid” (Dimitri Leslie Roger) recently claimed his X account was hacked by Arora, alleging he used it to promote the recently launched “RICH” token.
“This guy pretty much made a pump-and-dump and dumped all the money into his account and blocked me.”
Stay tuned for the official RTK token ! pic.twitter.com/5fvyeaM5wL
— Rich The Kid (@richthekid) May 27, 2024
“I bet he won’t be launching many celebs coins again based on the conversations I’ve been having,” Jenner said in a separate post.
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On Monday, eagle-eyed users on X notice that a cryptocurrency wallet address posted by Jenner also happened to the same wallet posted by adult content creator Kazumi, who is also suspected to have been hacked when promoting the coin “ZUMI” on May 20.
The discovery led pseudonymous cryptocurrency sleuth Roxo to connect Arora to both token launches and that the memecoin collaborator “socially engineered” Jenner’s team.
“After launching the token and getting Caitlyn to promote it he dumped all the tokens from the deployer wallet and more he had sniped on burner wallets.”
However, on-chain data suggests there hasn’t been a dump — at least for now.
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