Overview
- Investors filed a 97-page class action that says Jenner and manager Sophia Hutchins hyped $JENNER as a serious project and misled buyers.
- The complaint says Jenner used Trump-themed slogans and promises that the coin was going “to the moon,” then promoted a rival token, $BBARK, days later as $JENNER fell about 75%.
- Plaintiffs allege promoter Sahil Arora helped launch the token, pulled money out, and crashed its value, and they note Jenner later called him a scammer online.
- The filing cites about 20,000 first-day buyers on Solana, a lead plaintiff loss of more than $40,000, and an Ethereum 3% trading tax that allegedly routed over $500,000 to Jenner via the smart contract.
- A federal judge in April dismissed a securities claim after finding $JENNER was not a security, so investors now pursue state claims, and media outlets say Jenner’s side has been asked for comment.