Kanye West, now known as Ye, denied any involvement with the Yzy tokens traveling on the market, saying that he will present his own cryptocurrency next week.
This declaration follows its previous rejection of any interest in digital assets, adding a new touch to speculation surrounding its position on the crypto.
Kanye West says that existing Yzy tokens are false
In an article on February 22, you clearly indicated that he had no connection with the Yzy tokens currently in circulation. He stressed that all the existing parts using his brand are illegitimate and have reaffirmed his intention to soon launch his own cryptocurrency.
“All current parts are false. I’m launching next week, ”wrote Ye on X.
Its announcement sparked mixed reactions within the cryptographic community. Some criticisms believe that his project could turn into another carpet traction supported by celebrities.
Others have stressed that his latest move contradicts his previous declaration, where he moved away from the launch of any token. Meanwhile, some supporters advised him to carefully timed the launch to avoid market volatility.
Nate Geraci, president of ETF Store, has issued an investor warning, declaring that anyone choosing to invest in Ye’s crypto should be prepared for potential losses.
“If he (you) launch and buy and lose … it’s on you. Nobody to blame. I do not want to hear about the regulation of cryptography, carpet prints, scams, etc. It is a transfer of wealth of you to the initiates. You turn a broken wheel wheel, ”added Geraci.
Speculation develops around the crypto of your
Ye’s announcement follows the reports of several Yzy brand tokens appearing on Launchpad Pump. Fun based in Solana. These developments have fueled speculation that he provided for a launch of a token.
Other reports say you are working actively on a Yzy token linked to its Yeezy fashion brand. Publications like Coindesk would have received a press release from Hussein Lalani, who would be the financial director of Yeezy, as well as other sources familiar with the project.
Details surrounding the token structure indicate that you could control 70% of the offer, 20% allocated to investors and 10% reserved for liquidity. Part of his assets would be subject to a one -year acquisition period, preventing immediate access.
Although an official launch date remains uncertain, speculation continues to build. Polymarket data, a decentralized prediction platform, is currently suggesting a probability of 71% of the beginnings in chips this month, with more than $ 18 million betrayed when it was released.
The latest Ye’s movement adds to the unpredictable phase of celebrities and political memes that are afflicting industry at the moment. These approved tokens have caused significant chaos on the market in recent weeks.
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