Kanye West Launches YZY Coin: Hype. Crash. & Controversy Explained

Kanye West, also known as Ye, shocked fans and traders by launching the YZY coin—just months after denouncing celebrity crypto projects. In this video, we cover: - Why Ye changed his stance on memecoins, after saying they 'prey on fans.' - The explosive launch of YZY Token on Solana, with its value surging to a $3 billion market cap in 40 minutes—and the rapid crash that followed. - Allegations of insider trading, including accusations involving developer Mikey Shelton and on-chain sniping that reportedly made millions for early buyers. - What YZY Money aims to be: from the Yeezy Token to a promised crypto payments platform and debit card. - Investor warnings about risks, centralized supply, and potential for price manipulation in celebrity-backed crypto. - What the blockchain data and analysts are saying about the transparency of YZY's launch and its long-term prospects. Stay tuned for an in-depth analysis and what this launch means for fans, crypto traders, and the growing trend of celebrity digital currencies.