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BlockNews
Home CRYPTO

Kanye West’s Alleged YZY Memecoin Launch Sparks $11 Million Betting Frenzy

Michael Juanico by Michael Juanico
February 21, 2025
in CRYPTO, FINANCE, MEMECOINS
Reading Time: 3 mins read
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  • Polymarket bettors are 76% confident that Kanye West will launch a YZY crypto token this month.
  • CoinDesk reported YZY could be Yeezy’s official currency, with 70% of the supply allocated to Ye.
  • Ye recently rejected a $2M scam offer to promote a fake memecoin but hinted at future crypto involvement.

Crypto gamblers are betting hard on the idea that Kanye West (now known as Ye) will drop a crypto token this month. And the odds? They’re skyrocketing.

JUST IN: Kanye West memecoin launch odds jump to 53% on Polymarket

Odds hit 76% earlier today amid reports of an upcoming $YZY launch 👀

Who would buy this? pic.twitter.com/FvDxcyUgjH

— BlockNews (@blocknewsdotcom) February 21, 2025

Right now, Polymarket odds sit at 76%, a massive 55% surge in just 24 hours—driven by fresh reports that Ye is moving forward with a YZY token, despite previously denying any interest in launching one.

At the moment? Over $11 million has already been wagered on the potential memecoin debut.

YZY Token—Real or Just Hype?

While Ye hasn’t officially confirmed anything, blockchain data shows that multiple YZY-themed tokens have already popped up on Solana’s Pump.fun platform. The problem? None are verified.

However, earlier today, CoinDesk reported that YZY could become Yeezy’s official currency—a claim attributed to an unsolicited press release from Hussein Lalani, who identified himself as Yeezy’s CFO. Several insiders reportedly backed up the claim.

Ye hasn’t acknowledged the project publicly—but the reported tokenomics are eye-opening:

  • 70% of the supply reserved for Ye
  • 10% allocated for liquidity
  • 20% for investors
  • Some of Ye’s holdings locked for up to a year

Despite the speculation, Ye has continued his usual social media rants on X without mentioning the token.

coinpedia.org

Scam Offers, Crypto Drama & Kanye’s Next Move

This comes less than two weeks after Ye claimed scammers offered him $2 million to shill a fraudulent token using his name.

They promised him $750K upfront, with another $1.25M after 16 hours.
The deal required his post to stay live for at least 8 hours before he could delete it.
They even suggested he fake a hack to make it seem unintentional.

Ye turned it down, stating that his net worth had already climbed back to $2.77 billion—without crypto endorsements.

Still, he’s clearly curious about the space. He recently leaked a convo where he was asking for advice—and was pointed in the direction of Coinbase CEO Brian Armstrong.

So, is YZY actually coming, or is this just another overhyped celebrity cash grab? For now, crypto bettors seem convinced—but Ye is still keeping everyone guessing.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: cryptoKanye WestPolymarketYZY Memecoin
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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