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JENNER Meme Token Holders Sue Caitlyn Jenner

JENNER Meme Token Holders Sue Caitlyn Jenner

HappyCoinNews2024/11/15 13:11
By: HappyCoinNews
SOL+0.59%ETH+0.91%

A group of JENNER memcoin holders have filed a class action lawsuit against Olympic gold medalist Caitlyn Jenner. They accuse the celebrity of selling the token as an unregistered security.

British citizen Naeem Azad and Romanian citizen Mihai Caluseru filed a lawsuit in California alleging that Jenner and her manager Sophia Hutchins "made false promises and persuaded inexperienced U.S. and foreign investors to purchase unregistered securities."

The plaintiffs claim they lost more than $56 after purchasing JENNER on Ethereum и Solana , but would not have done so “if not for Jenner’s false and misleading statements and omissions.”

Jenner appears to have abandoned the project entirely, no longer promoting the memecoin, and has left holders with serious losses, the lawsuit states.

Jenner released JENNER on Solana via memecoin launch service Pump.fun in May 2024. The celebrity soon found herself at the center of a scandal after she and other famous personalities claimed that crypto influencer Sahil Arora had scammed them. Jenner later relaunched token on Ethereum .

JENNER Meme Token Holders Sue Caitlyn Jenner image 0

JENNER Memcoin Price Chart

Since its launch, the JENNER memecoin has lost almost all of its value. On November 13, its price reached a historical minimum, and its capitalization fell from a peak of $7,5 million to $170, with a daily trading volume of only $000.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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