Caitlyn Jenner and Rich the Kid Accuse Memecoin Collaborator Sahil Arora of Scams
Summary:
Famed American TV personality Caitlyn Jenner has accused memecoin collaborator Sahil Arora of scamming her. This comes after the controversial launch of the JENNER token, which garnered a market cap of $43 million in the first 24 hours before plummeting to $20.3 million later. Despite a fallout with Arora, Jenner plans to continue promoting the JENNER token. In related news, rapper "Rich the Kid" also alleged that Arora hacked his account to promote the "RICH" token. Observers noticed a link between a wallet address posted by Jenner and adult content creator Kazumi, suggesting a possible hack when promoting the "ZUMI" coin.
Caitlyn Jenner, a well-known American TV personality, is the latest celebrity to claim that Sahil Arora, a collaborator on memecoin, defrauded them. This follows numerous unorthodox token launches by famous personalities on May 26. "FUCK SAHIL! He scammed us! BIG TIME," Jenner tweeted from her X account responding to a query about Sahil Arora's involvement in the launch of the JENNER token.
In no time, the contentious token launch drew the limelight as its market capitalization shot up to $43 million in the first day itself. However, a drop by 52.8% to $20.3 million was witnessed thereafter as per DEX Screener.
Arora's disagreement with Jenner does not imply an end to her promotion and investment in the JENNER token. She assures that the trajectory of JENNER "isn't going anywhere but up”. Commenting on Arora's situation, she stated that “ Sahil seems to be completely out of the picture at this point in time.”
Uncertainty lingers in the crypto scene about the authenticity of these posts by Jenner. Adding to the complication, Dimitri Leslie Roger, the American rapper known as "Rich the Kid," recently alleged that his X account was hacked by Arora to market the new "RICH" token. He accused Arora saying, “This guy essentially set up a pump-and-dump scheme, funneled all money into his account, and then blocked me.”
According to Jenner, the recent happenings have reduced Arora's chances of launching more celebrity coins. On a policing note, some vigilant users on X uncovered that a cryptocurrency wallet address shared by Jenner matched the one posted by adult content creator Kazumi. Kazumi is also suspected of being hacked while endorsing the "ZUMI" coin on May 20.
Roxo, a pseudonymous cryptocurrency detective, linked Arora with both these token launches and proposed that Arora had contrived to exploit Jenner's team. "After initiating the token and convincing Caitlyn to endorse it, he got rid of all the tokens from his deploying wallet and others he had snatched on burner wallets." However, on-chain data does not point towards any dumping at this juncture.
Published At
5/28/2024 7:51:28 AM
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