Fake Kanye West Coins Crash After Real YZY Token Launches
Kanye West, now known as Ye, launched YZY, an official meme coin on Solana, leading to a crash in previously popular tokens Yeezy Coin and Swasticoin, which many believed were affiliated with him. These tokens saw significant price drops after Ye's official announcement, with Yeezy Coin plummeting 88% and Swasticoin dropping nearly 78%. Communities supporting these coins thought they were part of a performance art or an alternate reality game created by Ye. The release of YZY Money confirmed that neither of these tokens were tied to Ye, causing disillusionment among their supporters. Additionally, these communities have been criticized for fostering antisemitism and other harmful ideologies. Despite the backlash, some ardent supporters of Yeezy Coin speculated that the situation might still be part of an elaborate scheme by Ye, showcasing a strange mix of hope and delusion among the followers who are holding onto the belief that a deeper meaning lies behind these developments.
Source 🔗