Traders Beware: Caitlyn Jenner’s Meme Coin Ventures On Solana

Traders are being cautioned to exercise vigilance when dealing with tokens promoted or launched by celebrities.

A recent report from Lookonchain revealed that Caitlyn Jenner has earned 2,381 $SOL (approximately $405,000) by launching twelve meme coins on the Solana blockchain over the past four days.

On May 27, Caitlyn Jenner (@Caitlyn_Jenner on Twitter) launched a token named $jenner, initially purchasing 44.56 million $jenner tokens for 1.3 $SOL ($221) on Pump.fun. She later sold these tokens for 253 $SOL, making a profit of 252 $SOL ($43,000).

Be wary of tokens launched by celebrities.