Caitlyn Jenner has made an announcement claiming that she stays loyal to her token $Jenner after some confusion as a result of an advert for a third-party token.
This comes amid broader market skepticism following earlier incidents involving celebrities and crypto.
Caitlyn Jenner Clarifies Deal with $Jenner Token
Caitlyn Jenner has taken to social media to clarify that she’s going to solely cope with the $Jenner token after her followers have been confused by an advert for an additional token. Jenner additionally reassured her followers that she has no affiliation with different cryptocurrencies and that her cash is invested solely in $Jenner.
“I’m dedicated to my token $Jenner,” Jenner continued in her tweet responding to the controversy brought on by the earlier commercial.
MAJOR:
That advert for a 3rd social gathering token was taken down!
As I’ve mentioned from the start the one focus I’ve is $Jenner and the advert I posted confused too many individuals, and was not value it.
Like I had mentioned time and time once more I’m absolutely centered on my token $Jenner— Caitlyn Jenner (@Caitlyn_Jenner) May 27, 2024
This dedication was additional evidenced by her resolution to withdraw the offending advert, admitting that it was a supply of distraction.
Jenner’s clarification comes at a time when celebrity endorsements within the cryptocurrency area of interest are within the highlight. Market has seen a number of instances the place celebrity-backed tokens have been both challenged by regulation or obtained backlash from the market. Jenner’s resolution to make her work extra clear and centered is to construct her authority and credibility throughout the cryptocurrency area.
Token Launch and Market Response
Jenner additionally revealed that the $Jenner token will likely be obtainable on the Ethereum community after the token was first deployed on Solana. The transfer types a part of a longer-term plan to enhance the token’s performance and usefulness.
“The group has determined to launch $jenner on the Ethereum community! We’ll attempt to do our greatest to make it go up as a lot because the Solana model,” Jenner tweeted.
This strategic enlargement is predicted to leverage on Ethereum’s massive community results and person base, which may result in larger token adoption.
Whereas there have been doubts whether or not $Jenner token launch was real or only a rip-off and a few of the market individuals even instructed it might be a hack, Jenner has been selling the token. Nevertheless, a latest promotional effort on her X account coupled with movies that seem to indicate Jenner and her supervisor endorsing the undertaking has allayed a few of the traders.
Right here is Sophia Hutchins, my supervisor, relaxation assured. I’ve not been hacked and preserve sending this to the moon. I’m out on the golf course having fun with my Sunday and I cannot be going dwell in areas at the moment. My group is managing this launch. it’s genuine. Stick with it
pic.twitter.com/LTZx65rEZJ
— Caitlyn Jenner (@Caitlyn_Jenner) May 26, 2024
When it comes to market response, $Jenner has proven sturdy efficiency, with Jenner claiming a powerful buying and selling quantity shortly after its launch. She highlighted a purpose to achieve a $50 million market cap throughout the first 24 hours, a goal that displays her bold plans for the token.
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The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.
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