In brief
- Ye, formerly Kanye West, launched an official meme coin on Tuesday, prompting other tokens that some investors believed were tied to the musician to crash and burn.
- Yeezy Coin and Swasticoin were launched approximately six months ago, with members of both communities believing they were part of a performance art piece or an alternate reality game.
- Now, investors are reckoning with increasingly worthless coins supported by communities that trade in antisemitism.
Meme coins created to play on purported associations with Ye, formerly known as Kanye West, have crashed after the rapper launched his own official Solana coin on Wednesday.
Ye, formerly known as Kanye West, has been flirting with crypto for months, with his interest spawning two notable meme coin communities that adamantly believed they were part of a masterful performance art piece—or an alternate reality game.
But holders of Yeezy Coin and Swasticoin found their hopes dashed after the launch of Ye’s YZY Money this week.
Go to Source to See Full Article
Author: Ryan Gladwin
