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