Kanye West, now known as Ye, has created a stir in the crypto world with his posts on X, suggesting a possible launch of his own cryptocurrency and blockchain.
The Tweets That Started It All
Ye's activity on X began with a retweet of Binance co-founder CZ discussing the complexity of decentralized exchanges. Ye mentioned a new 'Swasticoin' before deleting the tweet and showed frustration at not reaching CZ. CZ replied succinctly: 'DM’ed you.' This interaction sparked speculation of Ye possibly launching a cryptocurrency on Binance.
Rumors of a $YZY Token
Ye hinted at launching a cryptocurrency next week, leading to rumors of a $YZY token for Yeezy's website. The speculation extended to launching his own blockchain, possibly forking from Solana or Dogecoin.
Is Ye Even in Control of His X Account?
Many are skeptical about Ye's involvement on X, suspecting account compromise. Dave Portnoy and others voiced doubts, suggesting scammers are at play. A video of Ye on the account was dismissed as potential AI-generated.
Despite the excitement, the potential $YZY launch raises red flags. Given past failures, many doubt whether Ye’s project will succeed or replicate previous celebrity-backed coin issues.
