Caitlyn Jenner Profits $405K from Solana Memecoins in 4 Days

Caitlyn Jenner Accused of Profiting from Memecoin Scheme on Solana Blockchain

Caitlyn Jenner has reportedly earned over $400,000 by launching a series of memecoins on the Solana blockchain in the past four days.

Modus Operandi:

• On May 27, Jenner launched a token named $jenner and purchased 44.56 million tokens.
• She then sold all of the tokens for a profit of 252 SOL ($43,000).
• The proceeds were transferred to two addresses, one of which is linked to Binance.
• Investigation revealed that numerous addresses have been transferring SOL to the Binance deposit address, suggesting they were created by Jenner.
• This pattern indicates a strategy to create new addresses, launch meme coins, purchase them, and sell them for a profit.

Lack of Disguise:

Jenner made no effort to conceal her transactions, with all profits being funneled into the same Binance address.

Caution for Investors:

This incident highlights the importance of:

• Exercising caution when investing in celebrity-endorsed tokens.
• Conducting thorough research before making investments.