Tag: YZY

YZY memecoin jumped 85% after rumors Kanye’s backing it. Ye might use it for Yeezy payments, copying Trump’s crypto move.

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Hey @kanyewest, why not let @PublicAIData handle the data side of $YZY? Their decentralized workforce can verify and refine the token supply, keeping it transparent and fair for all. PublicAI's got the blockchain chops to make your coin a real hit, not a bloodbath!

— thachkthao |Voltix.ai 👾|Reddio (@thakith85) February 23, 2025

YZY Coin just shot up 85% in a 24-hour surge after rumors started flying that Kanye West (now Ye) is planning to back the coin. The whispers are that Ye’s new crypto project could link to his Yeezy brand, with the coin becoming the go-to payment method on his website instead of traditional platforms like Shopify.

This isn’t merely rumor—Ye’s been very vocal about being ready to move away from the platforms that’ve distanced themselves from him due to his inflammatory remarks. The YZY token may be how he reclaims control and initiates a fiscal economy directly affiliated with his business ventures. Inner sources on the project report Ye holds 70% of the token supply, with 20% going to investors and 10% reserved for liquidity. It’s practically the same way Trump’s TRUMP coin was distributed, with most of the coins going to a company related to Trump’s brand.

But Ye’s token has bad blood too. Critics say it is just another celebrity-backed crypto venture, poised to make money off of fans with little or nothing new to its credit. Still, the rapid rise of the coin portends that fans are eager to get on the Ye bandwagon—be it for business or just hype.

Also Read: SEC Drops Case Against OpenSea NFT Marketplace, No Charges Filed

YZY Coin pumped 85% in 24 hours as it spread like a rumor that Kanye (Ye) would be launching his own crypto. Ye is allegedly going to use YZY for Yeezy products, abandoning websites like Shopify. Sources say Ye holds 70% of supply, using Trump’s TRUMP token model.

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Kanye West will launch the $YZY token.

70% of the supply will be owned by him.$TRUMP vs $YZY pic.twitter.com/uXTnRmnvvm

— Coinisan (@Coinisan) February 21, 2025

Kanye West, now Ye, is back in the headlines—this time for crypto. Rumors are flying that he’s launching his own token, and the market is eating it up. YZY Coin, a little-known memecoin, skyrocketed 85% in 24 hours after speculation that Ye wants to ditch traditional platforms like Shopify and use crypto for his Yeezy brand.

According to reports, Ye’s token will tie into his clothing and business empire, giving fans a way to buy merch without relying on mainstream platforms that cut ties with him over past controversies. Insiders say he holds 70% of the YZY supply, while 20% goes to investors and 10% for liquidity—similar to Trump’s TRUMP coin setup.

Although Ye hasn’t made the token official, his recent interview indicated getting into crypto despite having spoken against memecoins previously. It would put him in the company of other celebrities jumping on the crypto bandwagon despite most such ventures being accused of exploiting fan loyalty.

Will YZY be the next big thing or just another celebrity cash grab? Only time will tell, but for now, the hype is here.

Also Read: Coinbase CEO Warns: “You Can End Up in Jail” Over Memecoins