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Kanye West Drops the Mic on Meme Token Launch: ‘Coins Prey on Fans with Hype’
Rapper and entrepreneur Kanye West, also known as Ye, has categorically denied rumors surrounding his potential involvement in a meme coin launch. In an explosive post on X, West declared that he only engages in activities he’s “passionate and knowledgeable about,” dismissing the notion of a “Ye” currency.
“I’M NOT DOING A COIN,” West wrote. “I MAKE PRODUCTS.”
The statement has sparked significant buzz within the cryptocurrency community, particularly among fans of the hip-hop icon. Despite his net worth reportedly exceeding $400 million according to Forbes, West insisted that he is “too rich for that.” He also took a swipe at the meme coin space, stating that such assets “FEAST ON FAN HYPE, JUST LIKE HYPED UP SNEAKERS CULTURE.”
The post has sparked a lively debate among cryptocurrency enthusiasts and fans of Kanye West. Some have urged him to explore the world of crypto, citing potential financial gains and the possibility of creating his own meme coin. Notably, however, there is no evidence suggesting that West ever considered launching such an asset.
As the dust settles on this controversy, it’s clear that Ye has dropped the mic with regards to his stance on meme tokens.
Source: cryptobriefing.com
