Caitlyn Jenner has launched a new cryptocurrency token named $JENNER on the Solana network, which saw its market cap rise from $8 million to $20 million within seven hours. This launch is part of a broader trend where celebrities are increasingly entering the cryptocurrency space, often promoting memecoins and NFTs. However, Jenner has accused her memecoin adviser, Sahil Arora, of scamming her, claiming he owes her a significant amount of money and has gone silent. In a related development, Iggy Azalea also launched a memecoin named $MOTHER, which peaked at a $50 million market cap. A trader reportedly turned $850 into $509K within hours of $MOTHER's launch. Additionally, Jenner's Ethereum token includes a 3% tax on transactions, with proceeds allegedly intended for the Trump Super PAC. The SEC has issued a warning about fraudulent pump-and-dump schemes involving celebrity-endorsed memecoins, reflecting growing concerns about the legitimacy of these ventures.