Caitlyn Jenner And Rich The Kid X Accounts Push Memecoins, Sparking Scam Concerns

Crypto hack crypto scam memecoins
Last updated:
Author
Julia Smith
Author Categories
About Author

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Celebrities Caitlyn Jenner and Rich The Kid began boosting namesake crypto memecoins on their respective X accounts over Memorial Day weekend, prompting hacking concerns from X users.

In a late Sunday X post, reality TV star and Olympic athlete Caitlyn Jenner announced she launched her own cryptocurrency token, JENNER, using Solana memecoin creator pump.fun.

As of Monday morning, JENNER had reached a market capitalization of $37 million.

Keeping Up With Caitlyn Jenner’s Crypto Token


“I’m bullish as ever on crypto! We cannot rely simply on govt backed currencies- esp today with rampant inflation and massive govt spending,” Jenner said. “And ofc that doesn’t just include $Jenner but it doesn’t hurt adding to a well balanced portfolio!”

Following hacking concerns, Jenner and her manager, Sophia Hutchins, posted videos on her X account confirming the memecoin’s validity.

“Her account has not been hacked,” said Hutchins, adding that the cryptocurrency is “performing extraordinarily well.”

“Yes, this is for real,” Jenner said. “Get involved. It’s going to be very good. I’m very excited about it.”

Not everyone was convinced of the token’s legitimacy, however, with several X users suggesting the videos could be deepfakes.

Rich The Kid At Center Of Alleged Crypto Scam


In now-deleted X posts, rapper Rich The Kid similarly posted a Pump.fun link advertising his new memecoin, RICH.

In a video posted Monday morning, Roger alleged his X page had been hacked without his knowledge, resulting in the promotion of RICH.

Roger mentioned this was done by an individual named “Sahil,” though no last name was given.

A user named @cryptoRoxo alleged this may be Sahil Arora, who reportedly served as a middleman for both Roger and Jenner’s crypto projects.

Celebrities have not been shy about trying their hand at cryptocurrency, with the U.S. Securities and Exchange Commission (SEC) charging high-profile figures such as Lindsay Lohan, Floyd Mayweather, Jake Paul, and Lil Yachty for illegally promoting crypto.

By Monday morning, Jenner had taken to X to warn investors of potential losses regarding her cryptocurrencies.

“Not all cryptocurrencies, tokens, coins, or other crypto assets, are the correct investment for all individuals,” Jenner wrote. “There is always a risk associated with any investment – including the loss of value.”

Meanwhile, RTK announced on X that a new cryptocurrency token separate from Sahil would launch by Monday night.

While it is currently unclear exactly who is behind the celebrities’ crypto promotion, both Jenner and Roger could face serious legal consequences should the memecoins prove to be scams.

More Articles

Bitcoin News
North Carolina and Florida Push for Bitcoin Reserves
Hassan Shittu
Hassan Shittu
2025-02-10 23:39:40
Blockchain News
South Korean Coin Gate Lawmaker Kim Nam-guk Cleared of Wrongdoing
Tim Alper
Tim Alper
2025-02-10 23:30:00
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors