In the past two days, American celebrity Caitlyn Jenner broke into the crypto and launched a coin called JENNER on Solana. It surged 30,000% overnight, directly detonating the entire cryptocurrency crypto.
See Followin report: "A 30,000% increase overnight, did American celebrity Katherine Jenner launch a Trump-themed MEME coin?"
It’s really touching that the crypto is a celebrity ATM.
But soon, everyone discovered that the person who helped Caitlyn Jenner issue the currency was an Indian named Sahil Arora. 
According to crypto detective and KOL Roxo, Sahil Arora is associated with several American celebrities, including Caitlyn Jenner, Soul Ja Boy, Rich The Kid, Kazumi and Ivana Knöll.
Roxo believes that Sahil hacked into the X account of the above-mentioned celebrity and issued the corresponding MEME coins. In the end, he sold these tokens to complete the fraud. And all the above-mentioned related tokens, data shows, are connected to Sahil Arora's wallet address.
The reversal is that Caitlyn Jenner's frequent speeches on X show that her account was not hacked. She has known Sahil Arora since the beginning of the coin issuance. Sahil Arora helped Caitlyn Jenner issue the coin because he did not understand cryptocurrency.
The most ridiculous part is that Caitlyn Jenner said Sahil Arora cheated on him. "Fuck, SAHIL cheated on us!" he said.
In the dispute between Sahil Arora and Caitlyn Jenner, we who don't know the inside story are confused, while the token JENNER has skyrocketed and plummeted. Many people were going to make a fortune before going to bed, but woke up to suffer heavy losses.
At present, Caitlyn Jenner is working very hard, and she is still enthusiastic about promoting the JENNER token.
We don’t know whether other celebrities’ accounts were hacked or, like Caitlyn Jenner, they wanted to issue a coin to make some money but ended up falling into a trap designed by Sahil Arora.
Interestingly, Caitlyn Jenner also mentioned Iggy Azalea these two days, saying that they were both celebrating Solana Summer. Iggy Azalea is a well-known American rapper, and her ex-boyfriend is NBA star Nick Young.
What makes crypto practitioners excited is that Iggy Azalea also knows Solana and is almost planning to issue a token. It is reported that she may launch her personal token on Pump.fun on the 28th.
At present, a large number of MEME coins with her name as the code have appeared, and they need to be carefully identified.
Through Iggy Azalea's X account, we can see that she actually had contact with Sahil Arora, and Iggy Azalea bluntly stated that Sahil Arora is not a good person.
At this point, we may be able to see something.
First, some high-traffic celebrities are indeed entering the crypto, which is definitely a good thing for the crypto industry. This has happened in previous bull markets, such as the last round of NFT bull market, when a large number of celebrities issued NFTs. However, this time it seems to be the issuance of MEME coins.
In an interview with Decrypt, Sahil Arora revealed that he actually participated in many celebrity projects. "Sometimes I go to them, most of the time they come to me, and I choose who to work with. This is also the only way to make cryptocurrency more mainstream and let them benefit from the attention economy." He said.
However, from experience, these coins are easy to trap people. If you don’t participate at the first time, the risk is extremely high. The tokens are easily affected by the protagonist’s words, and there is a high probability that they will return to zero after the heat has passed.
Second, Solana seems to be the first choice for these people to enter the crypto. It is worth paying attention to what impact this will have on the Solana chain and SOL tokens.
