Yesterday Kanye West stunned his fans after promoting a new crypto currency called 'Yeezy Money [click here if you missed that].'
The coin crashed just hours after its launch...
From Yahoo Finance
Chicago rapper Kanye West is no stranger to crashing stages, headlines, and fashion weeks. Now, he’s seemingly adding crypto to the list.
On Thursday morning, following a tweet from West’s official account linking to a site branded “Yeezy Money,” a token called YZY rocketed to a market cap of $410 million within an hour of launch.
In the hours that followed, it tumbled back to about $140 million — a drop of nearly 70%.
The barebones site lays out a vision for a supposed new financial system branded YZY Money.
The page details spinoff products like Ye Pay, a payments processor pitched as a cheaper alternative to card networks, and the YZY Card, described as a global crypto spending tool.
It also includes a contract address on Solana and a “YZYNOMICS” section showing how tokens are allocated: 20% public, 10% liquidity, and 70% vested to a company called Yeezy Investments LLC across staggered vesting periods.
Fun Fact: Back in February Ye claimed he had been offered $2 million to promote a fake crypto currency but turned it down.
6 comments:
ikyfl, I can NOT believe anyone gave him 1 penny AND their bank account info? I can't believe that!
I remember when doing stuff like this was illegal
🤦🏾♀️
this can't be real
Gen XYZ are Simps and dummys. Same said for the ppl that support Dumps coin. LOLO
of course it did because it was a rug pull scam just like mostly every other meme coin
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