{"id":37054,"date":"2025-02-21T15:00:07","date_gmt":"2025-02-21T12:00:07","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37054"},"modified":"2025-02-21T14:56:06","modified_gmt":"2025-02-21T11:56:06","slug":"kanye-west-is-launching-his-own-memecoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/kanye-west-is-launching-his-own-memecoin\/","title":{"rendered":"Kanye West Is Launching His Own Memecoin"},"content":{"rendered":"<p data-end=\"422\" data-start=\"68\">Famous rapper and designer <strong data-end=\"111\" data-start=\"92\">Kanye West (Ye)<\/strong> is preparing to step into the crypto world and issue <strong data-end=\"169\" data-start=\"142\">a memecoin called YZY<\/strong>. Although he has previously made negative statements against crypto projects, it was reported that West <strong data-end=\"320\" data-start=\"275\">will allocate 70% of the YZY token to himself<\/strong>, and the remaining <strong data-end=\"408\" data-start=\"339\"> 10% will be allocated to liquidity and 20% to investors<\/strong>.<\/p>\n<p data-end=\"704\" data-start=\"424\">This move closely follows <strong data-end=\"481\" data-start=\"434\">Donald Trump&#8217;s TRUMP memecoin strategy<\/strong>. Trump launched the TRUMP token, <strong data-end=\"575\" data-start=\"545\"> with 80% of it reserved for himself<\/strong>. But Kanye West&#8217;s project carries significant risks, both for <strong data-end=\"642\" data-start=\"621\">ethical debates<\/strong> in the market and for potential investors.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/kanye-west-is-launching-his-own-memecoin\/#Trump-Style_Tokenomics_and_Market_Risks\" title=\"Trump-Style Tokenomics and Market Risks\">Trump-Style Tokenomics and Market Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/kanye-west-is-launching-his-own-memecoin\/#Will_it_be_used_in_real_life\" title=\"Will it be used in real life?\">Will it be used in real life?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-end=\"1644\" data-start=\"1594\"><span class=\"ez-toc-section\" id=\"Trump-Style_Tokenomics_and_Market_Risks\"><\/span><strong data-end=\"1642\" data-start=\"1598\">Trump-Style Tokenomics and Market Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"1846\" data-start=\"1646\">The distribution structure of the YZY token is quite similar to Trump&#8217;s TRUMP token. Kanye West initially <strong data-end=\"1781\" data-start=\"1740\">wanted to own 80% of the tokens<\/strong>, but after negotiations, this was <strong data-end=\"1843\" data-start=\"1818\"> reduced to 70%<\/strong>.<\/p>\n<p data-end=\"2236\" data-start=\"1848\">However, such highly centralized ownership <strong data-end=\"1939\" data-start=\"1892\">can cause huge price fluctuations<\/strong>. In recent months, <strong data-end=\"2029\" data-start=\"1960\">the LIBRA token backed by Argentine President Javier Milei<\/strong> collapsed in a massive <strong data-end=\"2087\" data-start=\"2040\">pump-and-dump scandal<\/strong>. Kanye West&#8217;s project was allegedly <strong data-end=\"2218\" data-start=\"2168\">launched later than planned<\/strong> to avoid this scandal.<\/p>\n<p data-end=\"2370\" data-start=\"2238\">Some sources suggest <strong data-end=\"2306\" data-start=\"2254\">that YZY could be released on February 22, 2025<\/strong>. However, this date has not yet been officially confirmed.<\/p>\n<h3 data-end=\"2421\" data-start=\"2377\"><span class=\"ez-toc-section\" id=\"Will_it_be_used_in_real_life\"><\/span><strong data-end=\"2419\" data-start=\"2381\">Will it be used in real life?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"2686\" data-start=\"2423\">Although the YZY token is touted as the official Yeezy shopping currency, <strong data-end=\"2545\" data-start=\"2493\">it&#8217;s unclear whether it will provide any real benefit<\/strong>. Celebrity memecoin projects are often <strong data-end=\"2612\" data-start=\"2597\">hype-driven<\/strong>. <strong data-end=\"2683\" data-start=\"2621\">Even Ye himself has criticized such projects in the past<\/strong>.<\/p>\n<p data-end=\"2962\" data-start=\"2688\">In a tweet in February 2025, he expressed <strong data-end=\"2852\" data-start=\"2815\">his opposition to crypto projects<\/strong>, saying <strong data-end=\"2806\" data-start=\"2723\">&#8220;COINS PREY ON THE FANS WITH HYPE&#8221; (Cryptocurrencies prey on fans with hype)<\/strong>. He also said that he rejected <strong data-end=\"2935\" data-start=\"2896\">a $2 million token deal<\/strong> offered to him.<\/p>\n<p data-end=\"3172\" data-start=\"2964\">This contradictory stance casts doubt on the long-term credibility of the YZY token. Kanye West&#8217;s recent <strong data-end=\"3133\" data-start=\"3081\">turbulent career and deteriorating business relationships<\/strong> also undermine confidence in the project.<\/p>\n<p data-end=\"3172\" data-start=\"2964\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Famous rapper and designer Kanye West (Ye) is preparing to step into the crypto world and issue a memecoin called YZY. Although he has previously made negative statements against crypto projects, it was reported that West will allocate 70% of the YZY token to himself, and the remaining 10% will be allocated to liquidity and<\/p>\n","protected":false},"author":6,"featured_media":37055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12022,12023],"class_list":["post-37054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-kanye-west","tag-yzy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kanye West Is Launching His Own Memecoin - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/kanye-west-is-launching-his-own-memecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kanye West Is Launching His Own Memecoin - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Famous rapper and designer Kanye West (Ye) is preparing to step into the crypto world and issue a memecoin called YZY. 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