Caitlyn Jenner is facing serious legal trouble after being hit with a class action lawsuit tied to the collapse of her $JENNER meme coin. According to TMZ, investors are accusing Jenner and her manager, Sophia Hutchins, of orchestrating a crypto pump-and-dump scheme that allegedly left buyers with massive losses after heavily promoting the token online.
The lawsuit, reportedly spanning 97 pages, was filed by investor Lee Greenfield, who claims Jenner encouraged followers to buy into the cryptocurrency by presenting it as a long-term investment opportunity.
The filing alleges Jenner repeatedly hyped the coin across social media with posts claiming she was “solely focused” on the project and promising supporters that the token was headed “to the moon.”
The lawsuit also claims the crypto campaign leaned heavily into Donald Trump and MAGA-themed messaging to attract conservative investors and boost visibility online.
But according to the complaint, things allegedly fell apart just days after launch. Investors claim Jenner suddenly shifted attention toward another cryptocurrency called $BBARK, causing the original $JENNER token to reportedly lose around 75 percent of its value.
The lawsuit further alleges that promoter Sahil Arora, who was allegedly involved in launching the coin, pulled money out of the project and contributed to the collapse of its market value.
Although Jenner later publicly distanced herself from Arora and reportedly labeled him a scammer online, the filing claims she continued promoting alternate versions of the coin afterward.
Greenfield says he personally lost more than $40,000 after investing in the cryptocurrency.
Now, investors involved in the suit are seeking financial damages, claiming they were misled into buying the meme coin while insiders allegedly profited from token sales and transaction fees behind the scenes. Neither Jenner nor Hutchins has publicly responded to the lawsuit so far.