Caitlyn Jenner Pledges Full Support to $Jenner, Apologizes for Confusion
Caitlyn Jenner has made a statement claiming that she remains loyal to her token $Jenner after some confusion due to an advert for a third-party token.
This comes amid broader market skepticism following previous incidents involving celebrities and crypto.
Caitlyn Jenner Clarifies Focus on $Jenner Token
Caitlyn Jenner has taken to social media to explain that she will only deal with the $Jenner token after her followers were confused by an ad for another token. Jenner also reassured her fans that she has no affiliation with other cryptocurrencies and that her money is invested only in $Jenner.
“I am committed to my token $Jenner,” Jenner continued in her tweet responding to the controversy caused by the previous advertisement.
MAJOR:
That ad for a third party token was taken down!
As I have said from the beginning the only focus I have is $Jenner and the ad I posted confused too many people, and was not worth it.
Like I had said time and time again I’m fully focused on my token $Jenner— Caitlyn Jenner (@Caitlyn_Jenner) May 27, 2024
This commitment was further evidenced by her decision to withdraw the offending advert, admitting that it was a source of distraction.
Jenner’s clarification comes at a time when celebrity endorsements in the cryptocurrency niche are in the spotlight. Market has seen several cases where celebrity-backed tokens have been either challenged by law or received backlash from the market. Jenner’s decision to make her work more transparent and focused is to build her authority and credibility within the cryptocurrency space.
Token Launch and Market Response
Jenner also revealed that the $Jenner token will be available on the Ethereum network after the token was first deployed on Solana. The move forms part of a longer-term plan to improve the token’s functionality and usability.
“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 expansion is expected to leverage on Ethereum’s large network effects and user base, which could lead to higher token adoption.
While there were doubts whether $Jenner token launch was genuine or just a scam and some of the market participants even suggested it could be a hack, Jenner has been promoting the token. However, a recent promotional effort on her X account coupled with videos that appear to show Jenner and her manager endorsing the project has allayed some of the investors.
Here is Sophia Hutchins, my manager, rest assured. I have not been hacked and keep sending this to the moon. I’m out on the golf course enjoying my Sunday and I will not be going live in spaces today. My team is managing this launch. it is authentic. Keep it up
pic.twitter.com/LTZx65rEZJ
— Caitlyn Jenner (@Caitlyn_Jenner) May 26, 2024
In terms of market response, $Jenner has shown robust performance, with Jenner claiming an impressive trading volume shortly after its launch. She highlighted a goal to reach a $50 million market cap within the first 24 hours, a target that reflects her ambitious plans for the token.
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