The recent volatility in Solana price, a popular blockchain platform, has heightened investor caution within the crypto community. This cautiousness adds another layer of uncertainty to the legitimacy of JENNER Coin, launched by American celebrity Caitlyn Jenner, which is seen as a meme token according to CoinCarp and has experienced a meteoric rise of 956.81% in the last 24 hours. With previous incidents of celebrity social media accounts being hacked to promote fraudulent crypto projects, skepticism was expected. Investors are advised to exercise extreme caution and conduct thorough research before considering any investment in this new cryptocurrency, especially considering the recent market trends.
Jenner's social media accounts (specifically mentioned by X) kept promoting the coin, even with claims that it wasn't a hack and that it had high trading volume. Videos were posted showing Jenner discussing the coin, but some users weren't convinced they were real. Reports say similar posts appeared on Jenner's Instagram but were later removed. Overall, there's a lot of uncertainty about whether the JENNER coin is real or a scam. Additional investigation is needed to determine the truth.
