Crypto Banter I Just EXPOSED Kanye West’s Meme Coin! ($YZY)
Aug 21, 2025
Kanye West's $YZY memecoin has stirred up controversy in the crypto world. The launch has raised questions about its impact on Bitcoin, Ethereum, and the upcoming bull run of 2025. Is this a sign of a new altseason or just another fleeting celebrity whim? The discussion delves into the potential risks for retail investors and the legitimacy of such celebrity-driven tokens. The future of the crypto market hangs in the balance, making this an intriguing time for enthusiasts.
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Early Tip And Massive Price Swing
- Ran received a tip early and then the Yeezy token launched at 2 AM, causing massive market reactions.
- The token spiked to a $3 billion market cap and then fell below $1 billion within hours.
Yeezy Pitched As New Financial Ecosystem
- The Yeezy token is pitched as a full financial ecosystem with payments, cards, meetups, and merch.
- Ran argues this positioning masks a centralized product unlikely to replace decentralized systems like Bitcoin.
Token Supply Is Highly Centralized
- On-chain data shows extreme centralization with roughly 70% held by Kanye and six addresses controlling over 90% of supply.
- Ran highlights that such bundling enables insiders to dump and rig the market against retail buyers.