Rapper Ye, formerly known as Kanye West, announced the launch of YZY Money on Wednesday, marking a dramatic reversal from his February stance against celebrity meme coins.
The rapper posted on X: “YEEZY MONEY IS HERE. A NEW ECONOMY, BUILT ON CHAIN.”
West Reverses Previous Crypto Stance
The Solana-based token (YZY) surged 814% to $1.86, according to CoinMarketCap data. West’s pivot comes despite previously rejecting a $2 million offer to launch a cryptocurrency, stating, “coins prey on the fans with hype.”
Comprehensive Financial Ecosystem
YZY Money represents more than a simple meme coin launch. …