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Crypto News: Kanye West Drops YZY meme coin on Solana, Is This The Next 100x Play?
Kanye West, now officially known as Ye, has made a significant move in the cryptocurrency market by launching his own meme coin called YZY on the Solana blockchain. The token experienced an explosive debut, briefly surpassing $3 before retreating.
West announced the project through a post on X, stating that “YEEZY MONEY IS HERE. A NEW ECONOMY, BUILT ON CHAIN.” He encouraged fans and traders to visit the official website, which showcases YZY not only as a coin but also as part of a broader financial ecosystem.
YZY Money is branded around three primary components. The core component is the YZY token, which powers all transactions within the system. Additionally, Ye has launched Ye Pay, a payment processor aiming to reduce merchant fees, and YZY Card, a debit card that permits users to spend both YZY and USDC worldwide.
Kanye West’s foray into the crypto space raises many questions regarding the potential success of this endeavor. Will this be the next 100x play?
Source: coinpedia.org
