TLDR
- Kanye West (Ye) would have planned to launch a same called $ yzy despite the previous skepticism on the cryptocurrency
- The token is intended to serve as an official currency for the Yeezy brand website
- 70% of tokens will be allocated to West, 20% to investors and 10% for liquidity
- The launch was initially scheduled for February 20, but faced delays and complications
- The feeling of investors has cooled after publications deleted on social networks and controversial declarations of West
Rapper Kanye West, now known as Ye, would have prepared to launch his own same, called $ Yzy at the end of February 2025.
On February 22, West announced on the X social media platform that he would launch his token the following week, warning subscribers that all existing versions were “false”. This declaration marked a clear change compared to his position earlier in the month when he tweeted on February 9: “I do not make a piece. I only do things that fascinate me and that I know. The coins prey to fans with media threshing. “”
According to initiate reports, the $ Yzy token is designed to operate as the official currency of the brand and the Yeezy website. This decision seems to be partly motivated by West’s need to find other payment solutions after Shopify has closed its online store following allegations of the rapper’s anti -Semitic rhetoric.
The token distribution plan allocated 70% of the offer to West itself, with 20% reserved for investors and the remaining 10% dedicated to liquidity supply. This structure reflects the approach adopted by certain popular same and presents similarities with the $ Trump token of former President Donald Trump.
The West foray into the same world has not been without complications. The launch was initially scheduled for February 20, but was delayed several times. Adding to uncertainty, West deleted the previous articles on X which referred to the launch of tokens, including conversations with the founder of Binance Changpeng Zhao.
The 47-year-old also said on X that he no longer had control of his account on the platform, although some users have rejected this as typical of West unpredictable behavior. These erratic actions have attenuated the enthusiasm of investors for the project.
The public interest in the token was also affected by the controversial declarations of West. The reports indicate that the enthusiasm declined after the rapper suggested launching “swasticoin”, a name with Nazi connotations that alarmed potential investors and fans.
Celebrity celebrities
West’s Soft Enterprise in West is in the midst of increased celebrity and political interest in space. Elon Musk’s fatherErrol Musk, also hinted at the launch of his own same, While former President Donald Trump released $ Trump in January 2025, who saw his value increase after launch.
Despite growing skepticism, some investors hope to have early access to the $ Yzy token. A Paris market on Polymarket shows that 36% of participants predict that West will indeed launch its room before the end of February.
The recent collapse of the prices of the Scam $ Libra token, falsely linked to the Argentine president, created a cautious atmosphere around cryptocurrency projects supported by celebrities. This incident made potential investors more suspicious of high -level tokens launches.
CZ
Zhao, the former CEO of Binance, seems to have been in contact with West concerning the same. After West mentioned the difficulty in obtaining the “CZ number” (probably referring to Changpeng Zhao), the former leader of Binance replied “DM’ED you” on X, suggesting private discussions on the project.
This single retweet brought him to 33.2 million followers? Wow. 🤔 https://t.co/ixz4eweqcc
– CZ 🔶 BNB (@cz_binance) February 22, 2025
In the event of launch, the $ Yzy token would allow fans to buy Yeezy products directly using the cryptocurrency. This could provide West an alternative to traditional payment processors who have moved away from him as a result of controversies.
For the moment, it is not clear if the Kanye West Memecoin will be really published. The publications deleted on social networks and contradictory declarations have led certain cryptographic analysts, notably Crypto Rover, to raise concerns about the potential risk of fraud associated with the project.
The story of $ Yzy continues to evolve, the unpredictable presence on West’s social networks, which makes it difficult to determine the real status of the token. As the end of February approaches, all eyes are on the rapper to see if the same will finally materialize as promised.