Close Menu
Cryprovideos
    What's Hot

    The Blockchain Group to lift $340M for Bitcoin treasury

    June 9, 2025

    North Korean IT Staff Launder Hundreds of thousands By means of Crypto: U.S. Seizes $7.7 Million

    June 9, 2025

    Increased Factors, Smaller Good points: Is the Binance Alpha Program Pricing Out Small Merchants?

    June 9, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Kanye West's YZY coin hypothesis heats up with $11 million in Polymarket bets
    Kanye West's YZY coin hypothesis heats up with  million in Polymarket bets
    Altcoins

    Kanye West's YZY coin hypothesis heats up with $11 million in Polymarket bets

    By Crypto EditorFebruary 22, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Crypto bettors on the decentralized market Polymarket are betting on the likelihood that Kanye West, now often known as Ye, will launch a crypto token this month.

    Market odds presently place the possibilities of such a token at 76%, reflecting a major surge of almost 55% up to now 24 hours. This surge follows reviews suggesting that Ye plans to introduce a YZY token regardless of beforehand denying any curiosity in launching a digital asset.

    On the time of writing, the bettors have already staked over $11 million on the potential memecoin debut.

    In the meantime, blockchain information exhibits that numerous YZY-themed tokens have already appeared on Solana’s Pump.enjoyable platform, although their legitimacy stays unverified.

    YZY token

    Earlier at the moment, CoinDesk reported that the YZY memecoin might function the official forex for Ye’s Yeezy clothes line.

    The publication attributed the data to an unsolicited press launch from Hussein Lalani, who claimed to be Yeezy’s Chief Monetary Officer. A number of sources acquainted with the undertaking additionally reportedly corroborated the small print.

    West has not talked about such plans in his continued diatribes on social media platform X.

    Nevertheless, in response to the report, the token’s distribution plan would allocate 70% of the whole provide to Ye. The remaining 30% could be cut up into 10% for liquidity and 20% for traders.

    Nevertheless, a portion of Ye’s holdings could be topic to a multi-phase vesting schedule, stopping him from promoting sure tokens for as much as a yr.

    Kanye West’s crypto controversy

    Lower than two weeks after Kanye West revealed on X that some scammers tried to pay him $2 million to endorse a fraudulent memecoin utilizing his identify.

    In accordance with West, the provide included an upfront cost of $750,000, with a further $1.25 million promised 16 hours after he promoted the token.

    The deal required the promotional publish to stay dwell for no less than eight hours earlier than he might delete it. Furthermore, the scammers advised Ye might declare his account had been hacked to make the endorsement seem unintentional.

    Nevertheless, the Grammy award-winning artist who lately bought Swastika t-shirts on his web site rejected the proposal, stating he had no real interest in deceiving his followers. He additionally emphasised that his web value had climbed again to $2.77 billion with out crypto endorsements.

    Nonetheless, the controversial rapper hinted at future engagements with the business. Ye lately leaked a dialog that confirmed him in search of recommendation from a trusted contact, who pointed him towards Coinbase CEO Brian Armstrong for additional steering.

    Talked about on this article
    Kanye West's YZY coin hypothesis heats up with  million in Polymarket betsKanye West's YZY coin hypothesis heats up with  million in Polymarket bets



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Ethereum Exercise Spikes as Bulls Eye $2,824 Breakout – BlockNews

    June 9, 2025

    Professional-Ripple Lawyer Speaks Out About His XRP Holdings

    June 9, 2025

    BlackRock Might Embody XRP in Subsequent ETF Wave

    June 9, 2025

    XRP Gathers Steam as Worth Climbs and Momentum Builds – BlockNews

    June 9, 2025
    Latest Posts

    The Blockchain Group to lift $340M for Bitcoin treasury

    June 9, 2025

    Greatest Crypto to Purchase Now Whereas Bitcoin Stalls Between $105K and $106K

    June 9, 2025

    Bitcoin Value Dangers Crash To $31,000 Amid 5-Wave Impulse Completion

    June 9, 2025

    Analyst Says Bitcoin Has ‘Fairly Good’ Likelihood of Hitting Huge Worth Goal in 2026, Citing Three Technical Alerts – The Each day Hodl

    June 9, 2025

    Metaplanet shares leap after $5.4B plan to purchase Bitcoin

    June 9, 2025

    Bitcoin returns to 106K—BJ Mining cloud mining creates a zero-threshold passive revenue channel

    June 9, 2025

    MEXC Unveils New Launchpad That includes BTC to Kick Off BTC Buying and selling Month | UseTheBitcoin

    June 9, 2025

    Prime Trending Cryptos of the Week: Bitcoin Leads, Memecoins and Newcomers Surge in Reputation

    June 9, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto Dealer Michaël van de Poppe Says Prime-10 Altcoin Might Go Up 213%, Updates Outlook on Sui and Chainlink – The Each day Hodl

    January 25, 2025

    Consensys decentralized Infura launches as EigenLayer AVS

    November 15, 2024

    U.S. Lawmakers Push Ahead with Crypto Regulatory Reform

    June 1, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.