Illustration by Mitchell Preffer, Decrypt
Someone who reminisces about the heyday of a celebrity from the past Dive headfirst If you invest in cryptocurrencies, rejoice! We appear to be back in the utterly absurd part of the cycle.
In a Mad Libs-esque twist, the week kicked off with Caitlyn Jenner promoting the Pump.fun Solana meme coin, named to support Donald Trump's presidential campaign.
Many were skeptical of the authenticity of the post, given Jenner's sudden potential involvement in the corrupt corners of the cryptocurrency world, and the reality TV star posted a video confirming that it was all real.
From there, the plot gets more complicated: Apparently, the token launch was led in part by a controversial crypto promoter. Sahil AroraWithin hours of the token launch, Jenner tweeted: Decryption She accused the reporter of deceiving her, alleging that Mr Arora had done so.
Jenner Said Decryption Arora “went dark” shortly after the token's launch, which she took as a betrayal. Although Arora claimed at the time that she had been working with several other celebrities on crypto projects, other celebrities, including rapper Rich the Kid, slammed the influencer on Twitter as a scammer.
Soon Jenner new A token of the same name was posted on Ethereum. At the time, Crypto Twitter did not accept it. Solana's original token was soon Crashed.
If only the stupidity had ended there. In the midst of the Jenner debacle, rapper Iggy Azalea Jumped He has weighed in on the crypto debate with vaguely pro-crypto tweets.
After all, nothing in this industry is a coincidence. Azalea soon reveals that she had also been in contact with Sahil Arora about starting a memecoin, but she decided that “he was a mean guy.”
Madness quickly ensued, with Arora raking in hundreds of thousands of dollars in advance sales of fraudulent merchandise. Invalid Azalea Tokenand azalea Unique Token.
The story became so convoluted that some speculated that the entire plot, including the controversy, had been orchestrated by Alora from the beginning.
Soon, Azaria became a popular figure on crypto Twitter, taking part in the Twitter space and convincing many that he was in the industry for the right reasons.
At some point, the emotion Azalea turned onAfter on-chain activity suggested some insider trading had taken place with her “Mother” token.
However, the “Mother” token later became a huge hit, $74 million Market capitalization at time of writing.
Editor: Ryan Ozawa.
