Caitlyn Jenner has made an announcement claiming that she stays loyal to her token $Jenner after some confusion due to an advert for a third-party token.
This comes amid broader market skepticism following earlier incidents involving celebrities and crypto.
Caitlyn Jenner Clarifies Focus on $Jenner Token
Caitlyn Jenner has taken to social media to clarify that she is going to solely cope with the $Jenner token after her followers had been confused by an advert for one more token. Jenner additionally reassured her followers that she has no affiliation with different cryptocurrencies and that her cash is invested solely in $Jenner.
“I am committed to my token $Jenner,” Jenner continued in her tweet responding to the controversy attributable to the earlier commercial.
MAJOR: 🚨 🚨 🚨
That advert for a 3rd celebration token was taken down!
As I’ve stated from the start the one focus I’ve is $Jenner and the advert I posted confused too many individuals, and was not price it.
Like I had stated time and time once more I’m absolutely targeted on my token $Jenner— Caitlyn Jenner (@Caitlyn_Jenner) May 27, 2024
This dedication was additional evidenced by her determination 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 circumstances the place celebrity-backed tokens have been both challenged by regulation or obtained backlash from the market. Jenner’s determination to make her work extra clear and targeted is to construct her authority and credibility throughout the cryptocurrency house.
Token Launch and Market Response
Jenner additionally revealed that the $Jenner token might be out there on the Ethereum community after the token was first deployed on Solana. The transfer kinds a part of a longer-term plan to enhance the token’s performance and usefulness.
“The team has decided to launch $jenner on the Ethereum network! We will try to do our best to make it go up as much as the Solana version,” Jenner tweeted.
This strategic enlargement is anticipated to leverage on Ethereum’s massive community results and consumer base, which may lead to greater token adoption.
While there have been doubts whether or not $Jenner token launch was real or only a rip-off and a few of the market contributors even recommended it may very well be a hack, Jenner has been selling the token. However, a current promotional effort on her X account coupled with movies that seem to present Jenner and her supervisor endorsing the undertaking has allayed a few of the traders.
Here is Sophia Hutchins, my supervisor, relaxation assured. I’ve not been hacked and hold sending this to the moon. I’m out on the golf course having fun with my Sunday and I can’t be going dwell in areas in the present day. My crew is managing this launch. it’s genuine. Keep it up🚀🚀🚀 pic.twitter.com/LTZx65rEZJ
— Caitlyn Jenner (@Caitlyn_Jenner) May 26, 2024
In phrases of 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 attain 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 offered content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
