Infamous rapper Ye, formerly known as Kanye West, is the most likely celebrity to next launch a meme coin, according to prediction market platform Kalshi.
Infamous rapper Ye, formerly known as Kanye West, is the most likely celebrity to next launch a meme coin, according to prediction market platform Kalshi.
What Happened: Trader assign a 47% chance to Ye launching a meme coin in 2025, followed by Elon Musk (16%) and Joe Rogan (11%).
West's odds were fueled by February rumours about him working on a meme coin named XYZ. He later shut down speculation, saying, "I'm not doing a coin. I make products. I only do things I'm passionate and knowledgeable about. I'm too rich to do anything else. Coins prey on the fans with hype."
Despite this denial, West hinted at a deeper interest in blockchains by following Olaf Carlson-Wee, founder of Polychain Capital, a top crypto investment firm.
Elon Musk, despite his influence on cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Bitcoin (CRYPTO: BTC) and new ventures like xAI, is not launching a new crypto in 2025.
Although Joe Rogan spoke favorably about cryptocurrencies in 2022 and interviewed crypto enthusiasts, there is no indication of him launching a crypto in 2025.
Why It Matters: Celebrity-backed cryptocurrencies, such as Donald Trump's official Trump (CRYPTO: TRUMP) and Melania Trump's Melania (CRYPTO: MELANIA) meme coins, trended at the start of the year but have seen significant drops.
TRUMP has lost more than $10 billion in market capitalization, while MELANIA is down more than $12 billion.
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