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Article:
Author: TechFlow
With the launch of ETF, players’ expectations for altcoins on ETH have only increased. The rising price of ETH continues to ignite the altcoin market, coupled with the positive attitude towards cryptocurrencies revealed in the US election, making the already lively MEME race even more frenzied. The speed of iterating new MEME topics exceeds even the speed at which people change their investment strategies.
Today, the market was flooded with the MEME coin $Jenner launched by Caitlyn Jenner, the stepfather of the American internet celebrity Kardashian sisters. From Pump.fun to the secondary market, the thousand-fold increase in price is astonishing.
However, after understanding the whole story, we found that the development of the whole incident was quite dramatic. The reality show “Keeping Up with the Kardashians” has been continuously recorded for fourteen years and can be said to be a well-known reality show in the United States. The show mainly follows the daily lives of the Kardashian family. Therefore, Caitlyn Jenner, as the stepfather of the Kardashian sisters and a transgender woman, is also a nationally renowned internet celebrity.
At around 4 a.m., Caitlyn Jenner’s Twitter account posted a photo of her shaking hands with Trump with the caption “make america great again!!! and we love crypto!” and included a link to the $Jenner token on Pump.fun. Immediately after, Caitlyn Jenner circled Ansem, SolJakey, Pauly, and other famous crypto KOLs on Twitter, calling them “crypto kings!”
Caitlyn Jenner’s tweet immediately caught the attention of a large number of community players. However, since she was not a crypto player before, many players’ first reaction was that Caitlyn’s account had been hacked and that hackers were using her influence to quickly cash out.
As the token price skyrocketed, the truth became increasingly unclear. But while some hesitated, others had already bought in at lightning speed. Within half an hour of going live, $Jenner had soared 15 times. Just as players nervously bought in with the price continuously surging, the developer sold off tokens worth 160SOL, causing the price to plummet. Instantly, the comments section on Pump.fun was filled with mockery and insults, and players became even more convinced that this was a trick after Caitlyn’s account was hacked.
Then, the token price naturally continued to fall. At this point, a reversal occurred: Caitlyn posted a Story about the $Jenner token on her Instagram account, and her manager Sophia also retweeted the Story. At the same time, Caitlyn actively replied to players’ comments on Twitter, stating that her account had not been hacked.
Could it be that the hackers were performing the whole act? If it wasn’t hackers, then why did the developer sell off tokens? In a state of half-belief and half-skepticism, players launched a new wave of frenzy around $Jenner.
Immediately after, Caitlyn Jenner posted a video on Twitter, showing her face and confirming that $Jenner was indeed released by her team. She mentioned that she was currently playing golf, so she couldn’t appear in person at the moment.
With the release of the video, most of people’s concerns were dispelled, and the price of $Jenner began to surge rapidly.
While players were still celebrating, new doubts arose: some accused the developer of past fraudulent behavior and claimed with certainty that Caitlyn Jenner’s video appearance had been forged using AI technology. As FUD spread, $Jenner immediately plummeted again.
Seeing the situation gradually getting out of control, Caitlyn Jenner’s Twitter account held a Space session, and her manager Sophia planned to personally debunk the rumors in the Space. As soon as this happened, the tweets that had solid evidence of “debunking” disappeared one after another, and the token price started a new round of surges. Just when everyone thought “this is settled,” an unexpected twist occurred: in the Space session, Sophia stated that the team might launch a new token. With this announcement, the already exhausted players started frantically selling off tokens, and the price of $Jenner plummeted, carrying a sense of despair in the candlestick chart.
During the spiral fall in token price, Caitlyn Jenner’s Twitter account announced that the team would only focus on $Jenner and would not launch any other tokens.
The retail investors who were tossed around for just two hours were speechless. This dramatic event sparked continuous discussions in the Twitter community, and Caitlyn Jenner continued to actively retweet the community’s discussions about $Jenner.
With the increasing popularity and the rising price of $Jenner, deciding whether to invest or not became a dilemma for some retail investors. Perhaps with the mentality of better safe than sorry, these retail investors once again pushed up the price of $Jenner.
With both price and popularity, Caitlyn Jenner took the opportunity to post a new video on Twitter, in which she appeared in a bathrobe and responded to the doubts and debunked rumors on Twitter.
After the video was released, the hesitant retail investors took the plunge, and the token price skyrocketed in the end. As of now, $Jenner has risen nearly a thousand times from earlier, and the price remains high.
While there are still doubts about the developer’s token sell-off, from the perspective of the price trend, the retail investors have decided to buy into the story of $Jenner.
The emergency Space sessions and video debunking have caused quite a stir for Caitlyn Jenner and her team. Whether it was due to internal conflicts within the team or lack of experience, the unique experience of launching a token for the first time must have left a deep impression on the entire team. But when influence can be easily cashed in, why wouldn’t the team go for it? Although the process was tumultuous, with the rising price of $Jenner, Caitlyn Jenner’s entire team definitely made money.
However, the retail investors who were tossed around with them may not have had the same luck. They also went through the turmoil, but with real money at stake. Even experienced players who have been through similar situations can’t help but exclaim “drama.”
Those who are familiar with the Kardashian family may know that their lives are already dramatic enough on the show. But for retail investors in the cryptocurrency market, this kind of dramatic experience may just be an ordinary day.
In the cryptocurrency market, a day feels like a year, and retail investors who are constantly caught up in countless new narratives inevitably experience continuous mental exhaustion, accelerating their aging process.
It is difficult to determine the truth of the story, but the only thing that can be confirmed is that behind each of these stories, it is always the retail investors who end up confused and empty-handed.
Tags:
2023 market trends
Drama
fun
MEME
meme topic
Phi
Ethereum
Kardashian
United States
Source Link:
https://www.techflowpost.com/article/detail_18089.html
Note: The opinions expressed in the article do not constitute investment advice.
Original article link: https://www.bitpush.news/articles/6807001
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