Kanye West, now known as Ye, has once again attracted attention with claims about possibly launching his own memecoin and blockchain, igniting widespread discussions in the crypto community.
Initial Tweets and Rumors
It all began with a retweet about launched decentralized exchanges (DEX), after which Kanye made an unexpected declaration about a potential crypto project named Swasticoin. The tweet was soon deleted. These comments sparked a flurry of discussions, but many doubted the authenticity of West's claims. Dave Portnoy, founder of Barstool Sports, expressed confidence that West's account had been hacked.
Plans for the $YZY Token
Continuing the topic, Kanye West made a statement about plans to launch the $YZY cryptocurrency, allegedly set to become the official currency for his Yeezy website. However, rumors of a possible blockchain launch are on the rise: West considered creating his own project based on Solana or Dogecoin.
Potential Risks and Doubts
The main topic of discussion in the crypto community remains the risk of a new cryptocurrency with a high level of centralization. It is reported that West's team plans to hold 70% of the token's supply. Previous cases with $LIBRA and $BABY projects demonstrate that such a structure can lead to significant losses for regular investors.
Kanye West's intentions regarding the launch of a memecoin and blockchain have sparked widespread speculation and questions. Amidst the artist's volatile history and abrupt decisions, skeptics doubt the long-term viability of his ventures.
