Crypto Blog
The surge in celebrity-backed tokens, fueled by the frenzy for meme coins, has polarized the community.
The trail of transactions led Lookonchain investigators to uncover a network of newly created addresses, all funneling profits to a single Binance deposit address, a telltale sign of Jenner’s involvement. The investor advised followers to view celebrity endorsements of meme coins as opportunistic “cash grabs,” similar to previous trends like simply mentioning “crypto” during past market cycles or “NFTs” in more recent times.
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