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Kanye West Memecoin Launch Delayed: Will YZY Ever Go Live?
Rapper and entrepreneur Kanye West has once again delayed the launch of his much-anticipated memecoin, YZY. Despite previous statements claiming that the meme coin would go live on February 20, it appears that Ye has chosen to push back the release date without providing any additional information.
The sudden delay has sparked intense speculation regarding whether YZY will ever come to life. According to sources, Ye’s move is seen as a response to the current downturn in the memecoin market. The collapse of LIBRA, another meme coin backed by Argentine President Javier Milei, has sent shockwaves throughout the industry.
As it stands, there is no official word on whether YZY will be re-released or if the project has been scrapped entirely. The uncertainty surrounding this highly anticipated memecoin has left investors and enthusiasts alike wondering what’s next for Ye’s cryptocurrency venture.
YZY was expected to follow in the footsteps of Dogecoin, with a similar tokenomics pattern that saw 70% of tokens being owned by the creator, while roughly 20% would be released to investors. The remaining 10% was earmarked for liquidity purposes within the YZY market.
However, given the recent market trends and the precipitous decline in value experienced by other meme coins, it’s unclear if Ye will continue to move forward with the project.
Source: https://coinpedia.org/news/kanye-west-memecoin-launch-delayed-will-yzy-ever-go-live/
