Inside the shady world of celebrity meme coins; crypto pump and dumps

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Inside the shady world of celebrity meme coins; crypto pump and dumps
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Nicolas Vaiman, a scruffy 30-year-old with a dark beard and glasses, was at home in France last May when he saw a tweet from Caitlyn Jenner. 'Make america great again!!!' the former Olympian posted on X. 'We love crypto!' Jenner attached a photo of herself shaking hands with Donald Trump , along with a link to her new token, $Jenner — the first celebrity meme coin.Based on internet jokes, cutesy animals, and pop culture fads, meme coins have been in circulation for over a decade.

'What's the point? He is surrendering.'But he was doing more than that. Arora shared another address for a wallet — one he said belonged to Derulo. Vaiman could see that the wallet had received $Jason tokens directly from Arora — and then turned around and dumped $20,000 in coins, not long after Derulo had promised he would 'NEVER SELL.' The evidence seemed to suggest that Derulo himself was complicit in the crypto scheme.

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