Creator of Caitlyn Jenner Meme Tokens Earns $405,000

Between May 27 and 31, a user launched 12 meme coins under the name of television star Caitlyn Jenner, amassing 2381 SOL ($405,000). Analysts at Lookonchain highlighted this activity.

Be wary of tokens launched by celebrities.?

We fund that @Caitlyn_Jenner earned 2,381 $SOL($405K) by launching 12 #MEMEcoins on #Solana in the past 4 days.

1/ A thread. ? pic.twitter.com/zqVaMjhjqf

— Lookonchain (@lookonchain) May 31, 2024

The tracked address issued 44.56 million Jenner tokens on the Pump.fun platform, spending 1.3 SOL ($221). Following a price increase, the user sold all the coins for 253 SOL, earning $43,000.

Subsequently, the Solana was moved to two addresses, one of which belongs to the Binance exchange.

Lookonchain identified numerous addresses associated with the user, from which 12 meme coins were launched and later sold.

The total profit amounted to approximately 2381 SOL ($405,000). This sum was directed to the aforementioned Binance deposit address.

Earlier reports revealed that the creator of the Jenner token is one Sahil Arora.

According to available information, after issuing the token, he involved Jenner as a promoter and later “drained all assets to disposable wallets.” At that time, Jenner’s market capitalization exceeded $26 million.

Arora is also reportedly linked to tokens from Rich The Kid, Soulja Boy, and other celebrities.