Kanye West launches his own cryptocurrency, denying any connection to YZY tokens.

2025-02-24 10:28:04

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Kanye West denies any connection to YZY tokens and announces plans to launch his own cryptocurrency next week, sparking speculation and controversy Kanye West, now known as

Ye, has denied any connection to the YZY tokens currently on the market and said he will launch his own #cryptocurrency next week. His statements contradict his previous denials of digital assets and fuel speculation about his involvement in cryptocurrencies. Ye published a post on Feb. 22 in which he explained that all existing tokens with his name on them are unauthorized. ‘All existing coins are fake. I will launch them next week,’ he wrote on X’s website. The post drew mixed reactions, with some suspecting it was another celebrity-backed scam and others advising him to choose a strategic timing for the launch. Critics argue that Ye’s actions are inconsistent with his previous stance on cryptocurrencies. #ETF Store ETF Store President Nate Geraci warned potential investors to be cautious. He emphasized that anyone buying Ye tokens should be prepared for possible losses and said that in case of failure, there will be no one to blame. According to reports, several YZY-branded tokens have recently appeared on Solana-based startup Pump. fun and This has sparked speculation about the launch of an official #token . Some sources claim that Ye is working on a token related to his Yeezy brand, and CoinDesk allegedly received a press release from Hussein Lalani, who is rumored to be Yeezy’s CFO, confirming the project. LINE_. According to information from BREAK Token, Yeezy will control 70% of the shares, with 20% reserved for investors and 10% for liquidity. A portion of the shares will be blocked for one year to prevent an immediate sale. The official launch date is still unknown, but decentralized prediction platform Polymarket believes there is a 71% chance of the token debuting this month, as more than $18 million has already been committed to the issue. Read us at: Compass Investments

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