Cardashian Family Enters the Meme Coin Scene
With the launch of ETFs, players’ expectations for altcoins on Ethereum (ETH) have only grown.
As the price of Ethereum continues to rise, fueling the altcoin market, and with the positive attitude towards cryptocurrencies revealed in the US election, the already lively meme coin race has been in a constant frenzy, with the speed of new meme topics surpassing the speed at which people switch coins.
Today, the market was flooded with the meme coin $Jenner launched by Caitlyn Jenner, the stepfather of the famous American influencer Kardashian sisters. From Pump.fun to the secondary market, the coin skyrocketed by thousands of times, leaving people astonished.
However, after understanding the whole story, we discovered that the development of this whole situation was quite dramatic:
The Coin Launch by Caitlyn Jenner
The reality show “Keeping Up with the Kardashians” has been recorded for fourteen years and can be considered a well-known reality show in the United States. The show mainly follows the daily lives of the Kardashian family. Therefore, Caitlyn Jenner, as the stepfather of the Kardashian sisters and a transgender woman, can be considered a national-level influencer.
Around 4 a.m., 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!” along with a link to the $Jenner token on pump.fun. Immediately after, Caitlyn Jenner tagged several famous crypto key opinion leaders (KOLs) on Twitter, calling them “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 initially thought that Caitlyn Jenner’s account had been hacked and that hackers were using her influence to quickly cash out.
As the price of the coin soared, the truth became more confusing.
But opportunities are fair. While some hesitated, others had already bought in at lightning speed. Within half an hour of going live, $Jenner had already surged 15 times. Just as the price continued to rise and players nervously bought in, Dev dumped tokens worth 160 SOL, causing the price to plummet instantly. The comment section on pump.fun was filled with mockery and criticism, and players became more convinced that this was a trick after Caitlyn Jenner’s account was hacked.
Subsequently, the price of the coin naturally plummeted. At this point, the situation took a turn: 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 replied to players’ comments on Twitter, stating that her account had not been hacked.
Did the hackers go all the way? If it wasn’t hackers, why did Dev dump the tokens? Players were skeptical but launched a new wave of frenzy around $Jenner.
Following this, 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, so she couldn’t make a personal appearance at the moment.
As soon as the video was released, most of people’s concerns were dispelled, and the price of $Jenner began to surge rapidly.
Just when players were starting to celebrate, new doubts arose: some accused Dev of past fraudulent behavior and claimed that Caitlyn Jenner’s video showing her face was faked using AI technology. FUD spread, and $Jenner quickly crashed.
Seeing that the situation was getting out of control, Caitlyn Jenner’s Twitter account directly hosted a Space session, and her manager, Sophia, planned to personally debunk the rumors in the Space. As a result, the tweets that had solid evidence of “debunking” disappeared one after another, and the token price began a new round of soaring. Just when everyone thought “this is it,” an unexpected twist occurred: in the Space session, Sophia mentioned that the team might launch a new token. Hearing this, the exhausted players started dumping the tokens, and the price of $Jenner plummeted, with despair evident in the candlestick chart.
During the spiral decline in price, Caitlyn Jenner’s Twitter account announced that the team would only focus on $Jenner and would not launch any other tokens.
Within a short span of two hours, the retail investors who had been tossed around were left speechless. Such a dramatic event sparked continuous discussions within the Twitter community, and Caitlyn Jenner actively retweeted the community’s discussions about $Jenner.
With the increasing popularity and frenzy around $Jenner, whether to buy in or not became a dilemma for some retail investors. Perhaps with the mentality of “better to be safe than sorry,” retail investors once again pushed up the price of $Jenner.
With both price and enthusiasm, Caitlyn Jenner made use of the opportunity and released a new video on Twitter. In the video, Caitlyn Jenner appeared in a bathrobe and responded to the doubts and rumors on Twitter.
After the video was released, hesitant retail investors took a chance, and the token price ultimately skyrocketed. As of now, $Jenner has increased nearly a thousand times from earlier, and the price remains high.
Although there are still doubts about Dev dumping the tokens, looking at the price trend, retail investors decided to buy into the story of $Jenner.
With emergency Space sessions and face-revealing videos, Caitlyn Jenner and her team went through a lot of turmoil. Whether it was 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 not do it? Although the process was tumultuous, Caitlyn Jenner and her team definitely made money as the price of $Jenner rose.
However, it may not be the same for the retail investors who went through all the turmoil. They invested real money and experienced a rollercoaster ride, making them feel quite uncomfortable. Multiple crashes and sudden surges within half a day can really test one’s nerves, even for experienced players who call it a drama.
Those who are familiar with the Kardashian family may know that their lives are already dramatic enough on their reality show, but for retail investors in the crypto world, such drama may just be an ordinary daily occurrence.
In the crypto world, one day is like a year in the real world, and retail investors who are constantly influenced by countless new narratives inevitably feel exhausted from the repeated crashes and surges, accelerating their aging.
It is difficult to determine the truth of the story, but the only thing that is certain is that behind the chaos, it is always the retail investors who are left feeling confused and empty-handed.
This article was originally published on: Deep Tide.
The Kardashian Family Also Launches a Cryptocurrency Jenner Experiences Rollercoaster Ride Dramatic Coin Launch Continues
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