Initial speculation deemed the token a scam, despite Jenner's video confirming its authenticity. Doubts grew, suggesting the video might be AI-generated. Jenner later reiterated in another video that the token was indeed real.
Questions then arose about the links between Jenner's token sale proceeds and those of rapper Rich The Kid's token, which went on sale soon after.
Caitlyn's manager, Sophia, confirmed on X Spaces that a 'Sahil' was a middleman, controlling the tokens. Sophia admitted limited knowledge about crypto or token operations, emphasising Sahil's control over the operation.
âš Sahil's Notorious History:
- Sahil is the deployer behind these tokens created on pump[.]fun, a platform for launching Solana memecoins.
- Caitlyn's X account posted the deployer’s wallet, thought to be Sahil’s, but denies her account was hacked.
- Involvement in ICO scams, Infinite Phone rug pull, and the Dwight Howard rug - exposed by ZachXBT on Jan 30th earlier this year.
- Impersonated Paytm founder Vijay Shekhar Sharma to raise funds fraudulently.
- ZPay - Used celebrity cameos, including Mayweather and Akon.
- Promoted new coins after launching $Jenner like Soulja Boy Coin, consolidating funds into the same 7s3v wallet as the Jenner and Rich the Kid sales.
Sahil boasts connections with celebrities on Instagram, teases new coins on Telegram, and had a presence on X until his account was suspended. His other accounts remain active.
The connections and Sahil's track record highlight the need for caution and further scrutiny of these celebrity-endorsed tokens.
Some claims from Rich the Kid's team deny involvement and suggest a hack, while other reports list Rich the Kid as one of Sahil's many clients. A claim was made on an X space that Sahil had/has access to multiple celebrities' X accounts.
David Hoffman of Bankless tweeted:
"Just casually watching Caitlyn Jenner blatantly violate securities law on Twitter."
The price of Caitlyn's $Jenner token has been rising with her social media promotions and live streams. It's unclear how many tokens are still controlled by 'the deployer'. Two top wallets own 12% of the supply. At the time of writing, the Jenner token has reached a market cap of $30M.
Two consolidating addresses as pictured:
85fe recently withdrew $SOL to @binance.
7s3v is currently sending SOL to to GHrn.
Anthony Brown's (american football quarterback) X has also just tweeted a similar link.
