Iggy Azalea, Caitlyn Jenner, and Solana?! Here’s What’s Up

Celebrity crypto frenzy continues with Caitlyn Jenner and Iggy Azalea as past projects raise questions about long-term viability.

A reflection of Iggy Azalea and a Solana logo on Caitlyn Jenner's sunglasses.
Created by Gabor Kovacs from DailyCoin
  • The Caitlyn Jenner crypto craze has continued to intensify.
  • American Rapper Iggy Azalea may be the latest to join the crypto buzz.
  • Most past celebrity and influencer-linked projects have faced rug pulls.

Celebrity involvement in crypto has frequently stirred controversy, with some linked to pump-and-dump schemes or fleeting token successes. The latest to raise eyebrows is Olympian and TV figure Caitlyn Jenner, who recently commenced the promotion of a self-named token, drawing questions of legitimacy across the industry.

While Jenner crypto’s craze is yet to cool, another celebrity entry is adding to the growing buzz.

Iggy Azalea’s Crypto Venture Next?

On Tuesday, May 28, 2024, Iggy Azalea took to social media platform X with an interesting tweet about Solana. While it simply read “Who’s Solana?” the post ignited a flurry of responses from her 7.6 million follower base, including speculation that she is the latest to join the ongoing celebrity/influencer crypto craze.

Sponsored

While one response naturally linked the rapper’s post to another music artist, SZA, Iggy Azalea clarified that her question is related to crypto.

The plot thickened when Caitlyn Jenner, who has been relentless in her token promotion and offered open support for Solana, retweeted Iggy’s posts, even adding that they are both celebrating “Solana Summer.”

Adding to the intrigue, the Fancy-hit artist expressed familiarity with a name that recently surfaced during the Caitlyn Jenner crypto saga: Sahil. Sahil is said to be at the core of the ongoing craze among influencers and a 300k fraudulent scheme. While Azalea’s opinion of Sahil was certainly negative, she didn’t fail to hint at her own upcoming crypto project.

Sponsored

Responding to a comment about “dropping the pump,” Azalea indirectly hinted at an uncertain timeline for her project. But what are these celebrities, including Caitlyn Jenner and Iggy Azalea, driving crypto buzz?

Here’s What’s Up

  • Sunday, May 26 at 21:07 UTC: Caitlyn Jenner posts about her new crypto token, $Jenner.
  • Sunday, May 26 at 22:29 UTC: While many speculated that Jenner’s account was hacked to promote a fraudulent scheme, her manager, Sophia Hutchins, confirmed oversight of the token and assured followers that Jenner was not hacked.
  • Monday, May 27 at 19:06: Jenner releases a video of herself doubling on the token launch, asserting no deep fakes and inviting more followers to “get involved.”
  • Tuesday, May 28 at 02:57 UTC: Caitlyn Jenner confirms involvement with Sahil, the said creator of the Jenner token, stating that “he scammed us.”
  • Tuesday, May 28 at 03:21 UTC: Iggy Azalea posts about Solana and hints at her upcoming crypto project.

As these celebrity-driven crypto projects gain traction, questions linger about their credibility. 

Celebrity-Endorsed Crypto Projects: A Cautionary Tale

In light of the Jenner-Iggy Solana crypto frenzy, the performance of previous projects such as these has been thrust into the spotlight.

X user Wale Mooca is joining the conversation. Mooca highlights the precarious nature of celebrity-backed crypto projects, raising concerns about their long-term viability.

These include projects backed by popular artists and figures such as TV star Kim Kardashian, American boxer Floyd Mayweather, and Chris Brown, among others. This prompts scrutiny of the misuse of these popular figures’ influence, raising the question of whether history will repeat in these new cases.

On the Flipside

  • Some users have asserted that Caitlyn Jenner’s crypto promotion is a sponsored endorsement of the Sahil-created token.
  • Crypto exchange MEXICO has reportedly listed Caitlun Jenner’s crypto venture for trading
  • At press time, Caitlyn Jenner’s crypto is trading at $0.0242 with a 24-hour trading volume of approximately $114 million.

Why This Matters

Iggy Azalea’s entrance into the crypto-Solana dialogue intensifies the intrigue surrounding Caitlyn Jenner’s crypto endeavor. While excitement mounts, investors must tread cautiously, considering the history of similar projects.

Read more about influencers in the crypto industry and their impact:
Top Solana Influencers to Follow in 2024: Who Made the Cut? 

Here’s how this long-defunct exchange is gearing up for creditor settlement:
Mt. Gox Shuffles $9.4B Bitcoin Ahead of October Payout

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.