- Kanye West’s cryptic tweet about crypto sparked a 7,831% surge in the YE token before it crashed.
- Faze Banks offered to help West launch a cryptocurrency, praising his potential to succeed in the space.
- West’s other posts, including remarks about Hitler and calls for a Trump pardon of P Diddy, faced backlash and visibility restrictions on X.
Kanye West is back in the spotlight with another chaotic social media spree, making a bizarre mix of statements that include calling Hitler “sooooo fresh,” referring to Andrew Tate, and cryptically asking whether crypto tokens are “cash or concept.” Despite the controversy, memecoin traders focused on that single crypto-related post, leading to a token with the ticker “YE” skyrocketing 7,831% in price before crashing shortly after.
Crypto Traders Latch onto Kanye’s Question
Amid West’s wild posts, a tweet questioning the nature of crypto profits sparked major buzz in the crypto world. The YE token, named after West, surged thousands of percent before rapidly collapsing, mirroring the volatility of other influencer-backed tokens.
Faze Banks Offers to Guide Kanye in Crypto
Call of Duty YouTuber-turned-crypto enthusiast Faze Banks reached out to West, saying, “You’re one of maybe 5 humans on earth i think should/ could ‘successfully’ launch a coin,” offering to help him do it “the right way.” Banks has been active in the crypto scene, recently dealing with a fallout surrounding Haliey Welch’s failed HAWK token project.
West’s Controversial Statements Face Backlash
While the crypto community pounced on his financial question, many of West’s other posts, including inflammatory remarks about Hitler and a call for Donald Trump to pardon P Diddy, faced heavy criticism. Several posts were flagged by the platform X and had their visibility restricted due to policy violations.
