American rapper and document producer Kanye West has been within the information recently following his shock look on the Grammys 2025. The hip-hop famous person has been actively posting on X, teasing a potential crypto collaboration with Coinbase CEO Brian Armstrong.
‘Crypto Yeezy’?
In a February 7 put up on X, West shared that he was provided $2 million to advertise a fraudulent cryptocurrency undertaking in his title. This revelation got here amid the collection of erratic, abusive, and considerably disturbing posts made by the 47-year-old singer.
In keeping with the chat screenshot, Kanye West was provided an up-front cost of $750,000 for the promotional contract. The association would additionally embrace a subsequent cost of $1.25 million 16 hours after the billionaire rapper posts concerning the undertaking.
The captured messages confirmed that West would then be speculated to announce to the general public that his X account was hacked and the put up was not from him. This scheme was projected to rob unsuspecting followers and crypto neighborhood members of “tens of tens of millions of {dollars}.”
Kanye West talked about that he refused the provide and minimize his work relationship with the person who proposed it. Regardless of the abusive and anti-semitic posts that adopted this revelation, a number of members of the web neighborhood and crypto tasks urged the Hollywood star to launch a coin.
Supply: X
Most notably, Solana-based token era and buying and selling platform Pump.enjoyable responded to one in all West’s posts — about “channeling Andrew Tate”, encouraging him to launch his personal cryptocurrency. Nevertheless, Kanye West seems to not be contemplating the platform for his crypto endeavors.
In a put up on X captioned “regarding crypto,” West shared one other chat screenshot the place he requested an nameless affiliate to “resend that crypto join.” This particular person responded with “Brian Armstrong, CEO & Founding father of Coinbase,” saying they might ask for the crypto founder’s cellphone quantity.
Movie star Tokens Making A Return In 2025?
Kanye West wouldn’t be the primary Hollywood movie star to launch a token if he had been to take action. Notably, rapper Iggy Azalea launched her Mom Iggy (MOTHER) token in Could 2024, garnering important consideration at a time when celeb token launches had been in trend.
Different celebrities allegedly concerned in token launches up to now 12 months embrace Davido, French Montana, and Lil Pump. Whereas Kanye West is without doubt one of the greatest names within the world music trade and popular culture, his erratic and controversial nature provides an attention-grabbing dimension to how buyers will method a token launched in his title.
The whole crypto market cap on the every day timeframe | Supply: TOTAL chart on TradingView
Featured picture from Matt Winkelmeyer, chart from TradingView