BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
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
Share on XShare in TelegramShare on Reddit
  • 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
Tweet2ShareShare
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.

DON'T MISS THESE! HOT OFF THE PRESS

XRP Enters a Critical Phase With $687M Held in ETFs and More Funds Coming — Here is What Traders Should Watch
CRYPTO

XRP Enters a Critical Phase With $687M Held in ETFs and More Funds Coming — Here is What Traders Should Watch

December 1, 2025
Can Ethereum Recover From Its 3-Month 35% Drawdown and Revisit $3,100+? — Here is What to Watch Next
CRYPTO

Can Ethereum Recover From Its 3-Month 35% Drawdown and Revisit $3,100+? — Here is What to Watch Next

December 1, 2025
XRP Slides but Whales Keep Loading Up Above $2 Support — Here is What Traders Should Watch Next
CRYPTO

XRP Slides but Whales Keep Loading Up Above $2 Support — Here is What Traders Should Watch Next

December 1, 2025
Will Bitcoin Stay Under $100K or Start a New Rally in 2026? — Here is How the Chart and Supply Dynamics Look
BITCOIN

Will Bitcoin Stay Under $100K or Start a New Rally in 2026? — Here is How the Chart and Supply Dynamics Look

December 1, 2025
Vanguard Reverses Course and Opens the Door to Bitcoin and Crypto ETFs — Here Is Why This Shift Matters Now
BITCOIN

Vanguard Reverses Course and Opens the Door to Bitcoin and Crypto ETFs — Here Is Why This Shift Matters Now

December 1, 2025
Kalshi Announces Tokenized ‘Event Contracts’ on Solana — Here is How it Works
CRYPTO

Kalshi Announces Tokenized ‘Event Contracts’ on Solana — Here is How it Works

December 1, 2025
Load More

Related News

XRP Enters a Critical Phase With $687M Held in ETFs and More Funds Coming — Here is What Traders Should Watch

XRP Enters a Critical Phase With $687M Held in ETFs and More Funds Coming — Here is What Traders Should Watch

December 1, 2025
Can Ethereum Recover From Its 3-Month 35% Drawdown and Revisit $3,100+? — Here is What to Watch Next

Can Ethereum Recover From Its 3-Month 35% Drawdown and Revisit $3,100+? — Here is What to Watch Next

December 1, 2025
XRP Slides but Whales Keep Loading Up Above $2 Support — Here is What Traders Should Watch Next

XRP Slides but Whales Keep Loading Up Above $2 Support — Here is What Traders Should Watch Next

December 1, 2025
Will Bitcoin Stay Under $100K or Start a New Rally in 2026? — Here is How the Chart and Supply Dynamics Look

Will Bitcoin Stay Under $100K or Start a New Rally in 2026? — Here is How the Chart and Supply Dynamics Look

December 1, 2025
Vanguard Reverses Course and Opens the Door to Bitcoin and Crypto ETFs — Here Is Why This Shift Matters Now

Vanguard Reverses Course and Opens the Door to Bitcoin and Crypto ETFs — Here Is Why This Shift Matters Now

December 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews