Last night, a meme coin called JENNER emerged out of nowhere, with a 29659% 24-hour increase in value, as shown by the OKX Web3 wallet, with a circulating market value of approximately $15 million.

What's the story behind this coin?

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

As seen from the introduction tweet, it says "Make America Great Again, we love cryptocurrency."

The accompanying image is a photo of the protagonist with Trump.

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

But not only that, this person named Caitlyn Jenner has quite a background.

In Chinese, it is translated as 凯特琳·詹娜, she is a former American Olympic champion in track and field, actress, writer, and voice actor. Her notable works include "Jack and Jill." In 1976, she won the men's decathlon championship at the Montreal Olympics.

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

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

Regarding this family, the author believes that besides giving people a sense of successful upper-class Americans, there is also a feeling that they are very capable of stirring up trouble, playing with the media and social media.

Just like the protagonist of this incident, on the one hand, she is a typical representative of the American dream, and on the other hand, she has lived her whole life in the spotlight, with absolute influence in some public issues, and does unexpected things, making it to the top of the trending topics at any moment.

Currently, on X, she has 3.35 million fans and speaks several times a week. And from the recent X, Caitlyn Jenner has a strong political inclination, for example, she is definitely a "Trump fan," a top Trump supporter, with a large number of political-related posts on X, many of which strongly support Trump.

Will this project just scam and run, or will it continue to play out?

Last night, a lot of things actually happened, and the story behind this coin can be described in four words: confusing 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, a group member found that @Caitlyn_Jenner, an account with 3.3 million followers, posted a Pumpfun. Upon investigation, it was found to be the father of the Kardashian family, so I quickly bought 2 SOL, but tonight happened to be the GCR Twitter hack incident, and this tweet also tagged several well-known CT accounts in the comments. My first reaction was that his Twitter account was also hacked, but after all, the Kardashian family is also considered top-tier in the United States, with short-term popularity, and the internal market is definitely playable, just not suitable for chasing high bids. The main concern is that the original tweet will be deleted and denied soon, so I sold at around 250k, a total of 17 SOL.

I didn't expect the buying pressure to be very strong, and it surged to nearly 2 million. I was regretting selling off at 10 times the profit, when the Dev started selling their chips, and sold out in just two transactions. I thought this move confirmed that it was a hacked account and fake trading, but I didn't expect Caitlyn to post a Story on Instagram, mentioning this coin by name, and his agent and life partner Sophia also reposted the story. Caitlyn also went crazy replying to those who questioned it on Twitter, saying that this coin was indeed posted by herself and was not hacked.

These actions made the whole event even more confusing. If it was really posted by herself, why did she choose to sell all the chips so early? If it wasn't posted by herself, why continue to promote it so vigorously after the Dev wallet was cleared? However, no matter what, the appearance of the stories from two Instagram accounts has greatly increased the credibility, so I bought back 50 SOL in batches.

Twitter was full of discussions about this matter, and the price fluctuated accordingly. At this time, Sophia released a major bombshell, uploading a video showing her face, confirming that this coin was indeed launched by herself and her team, and that Caitlyn herself was currently playing golf and unable to come forward. The appearance of this video caused the coin price to accelerate, and I sold all the tokens in the range of 5 to 8 million, making a profit of 70 SOL.

The good times didn't last long, and soon someone claimed that this video was synthesized using Deepfake AI technology, and there were screenshots of private messages on Twitter, saying that this was a habitual criminal group specializing in stealing celebrities' social media accounts to issue coins. These convincing negative messages caused the coin price to experience a roller coaster ride, dropping back to 4 million.

Later, Sophia directly used Caitlyn's account to hold a Space, and many negative comments were quickly deleted, seemingly tilting the balance of victory completely in their favor, and the coin price also broke through 20 million. Who would have thought that Sophia mentioned in the Space that they might launch a new token, which caused the coin price to plummet, all the way down to 6 million, and then started to fluctuate."

The above is 0xSun's wonderful account of the story behind the token.

In summary, at present, this JENNER coin still gives people a feeling of being in the clouds and mist.

The author believes that from this coin, some interesting discoveries can be observed.

First, Trump is definitely the top influencer in the current coin circle. As long as you get close to Trump, you can create a buzz. It is essential to closely monitor Trump's statements and related narratives.

Second, because Trump currently has many statements supporting the cryptocurrency field, as the number one Trump fan, Caitlyn Jenner may still be able to stir things up in the cryptocurrency field.

Third, if this coin is genuine and not a hacked account, it can be seen that this team is not very "professional" and is somewhat chaotic. The subsequent trend will be greatly influenced by the team's statements. If you participate, it is recommended to subscribe to their personal X account push notifications.

Her Twitter: Caitlyn Jenner@Caitlyn_Jenner

Token address: 4GJ3TCt5mTgQT5BRKb14AkjddpFQqKVfphxzS3t4foZ9

Fourth, follow JENNER's project page on Followin, where the page will aggregate the latest news and user comments about JENNER in an AI format.

Project page: https://followin.io/zh-Hans/tag/450978

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