- Kanye’s new memecoin could disrupt the already volatile memecoin market.
- Will Ye’s crypto debut repeat the same speculative hype or create a fresh boom?
Kanye West, now known as Ye, is preparing to launch his own memecoin next week, adding to the volatility already shaking the memecoin market.
This comes after Ye distanced himself from the YZY tokens circulating in the market, calling them “fake,” and confirmed his intention to introduce a new currency tied to his Yeezy brand.
The announcement has raised eyebrows, especially after Ye followed Binance’s CEO CZ and reposted his tweets, suggesting a potential collaboration.
Given the history of celebrity-backed tokens crashing and the recent wave of high-profile rug pulls, concerns are growing that Ye’s entry into the market could further destabilize the already shaky ecosystem.
After all, this is the same Ye who once declared himself “a god” — so when it comes to his latest venture, maybe we should expect nothing less than divine intervention.
Regardless, here’s what you need to know.
