Following reports that an internet-famous 14-year-old rapper known as Lil Tay died this week—which has since been proven untrue—an unofficial “LilTay” crypto token featuring the teen’s name launched on BNB Chain on Wednesday.

Nobody has come forward to claim responsibility for creating LilTay, which has a supply of just over 100 tokens and has yet to be traded. It may have been launched by opportunistic crypto “degens” who sought to capitalize on the media hype around the alleged death, or pay some kind of tribute to the influencer.

Curiously, however, the BNB Chain token launch came amid the development of an upcoming Ethereum-based “Liltay Token”—created by her apparent ex-manager, Harry Tsang. He denies that his Liltay Token has any connection to the BNB Chain version launched this week.

“We decided to use ‘Liltay’ as it was a legendary meme,” Liltay Token CEO Tsang told Decrypt, “[and] also because of my former role.”

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Author: Jason Nelson

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