Odds of Kanye West Launching Token Plummet After He Says ‘Coins Prey on Fans’

The perceived odds of Ye, the rapper formerly known as Kanye West, launching a token have plummeted after he posted on social media that he is “not doing a coin” in a post where he added that “coins prey on the fans with hype.”

That post saw the perceived odds of Kanye launching a token this month, which at one point reached 40% on the popular prediction market Polymarket, plunge to around 10% as traders reacted to it.

STORY CONTINUES BELOW

Various memecoins, called “Ye,” have popped up since the rapper started the conversation about crypto on social media, in anticipation that the rapper is going to launch a token. However, after the denial, these have seen their value plunge. One of the tokens has lost more than 65% of its value since the rapper’s post, while a second one is down 89%, according to Dexscreener veri.

Ye’s post, in which he said he only does things he is “passionate and knowledgeable about” while being “too rich to do anything else,” came after a previous one in which the rapper said he turned down a $2 million offer to launch his own token. After his posts, the rapper appeared to want to get in touch with Coinbase’s CEO, Brian Armstrong, in a cryptic post.

İlginizi Çekebilir:Spotify Türkiye’de kapatılıyor mu? Resmi açıklama geldi!
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

How to Prepare for a Major Compliance Failure Settlement: The OKX Approach
Stellar Sees $3B of Real World Assets Coming On-Chain in 2025
XRP Jumps to $2, Dogecoin Surges 10% as Trump’s Tariff Pause Riles up Bitcoin Prices
SEC Filing Shows BlackRock Preparing $150 Billion Tokenized Treasury Trust Offering
ABD, DeepSeek’i Çin’e bilgi aktarmakla suçladı!
VIRTUAL Surges 200% in a Month as Smart Money Pours Into Virtuals Protocol
mp4 indir | © 2025 |