Kanye West Said Memecoins ‘Prey On Fans.’ Then He Apparently Launched One

West to earn, the The hip-hop artist who goes to YA seems to have spread riots of his cryptocurrency, Easy, trading activities.

In February, West rejected the idea that he could turn on a crypto coin. “I’m not doing a coin,” he wrote, in one Erased post On the X -“hunt on the coin on the fans with the hype. She seems to have changed her mind.

Wednesday evening, West’s X account announces Easy Currency on two PostThe “Official Yogi Token has just gone down,” West, a strangely said in the Deadpan Video clip That is some x user Imagination Was AI-rejected.

Traders have stacked such, the value of the currency paper 3 billion dollars increasedThen the initial investors were submerged by two-thirds in a three-hour interval with the cash out. Investors have placed since the start of trading More than $ 740 million The value of the business. Blockchain Analytics agency Nansen says most traders have recorded losses, collectively lost more than $ 20 million.

Winner of more than 20 Grammy Awards, West has become increasingly constant and defective in his behavior in recent years. Most notoriously, has created a series of western Antisemitic comment In 2022 which attracted widespread condemnation and led Adidas To abandon a profitable partnership Including the label of his design. In May, he Revealing a music video “Hill Hitler”

Easy Coin is probably part of a great star of products called Easy Money, which plans to include a crypto payment service service and debit card. “Easy Money is an idea of ​​controlling you, free from the central authority,” the Website claimThe

According to the website, 20 percent of Easy supply has been revealed, the exchanges have been pointed to the exchanges to allow 10 percent smooth business, and the remaining 70 percent is held by the YG Investments LLC. The company cannot get access to these coins for at least three months, a general practice that refers to the issuers to dump their holdings and to prevent coins from sinking.

It is unclear who controls the investment in YG, which is registered in Delawar and therefore does not require its ownership structure. Yazi Investments YG Mountain Inc. Easy Money Website under the license provided by, a company through which the west Manages his intellectual propertyTerms and conditions StateThe

Generally, the Rookie Crypto traders are warned away from the coins whose supplies are concentrated in the hands of a small number of parties, for fear that they massage their holdings and reduce the price of the currency.

“You need to consider the line more time,” Nansen’s research analyst Nicolai Sandard Guard said.

Within minutes of the announcement of Easy Coin, the trading activity patterns have created more questions about the integrity of the launch.