#NewsAboutCrypto

🔴Kanye West Enters Crypto with YZY Token!

Kanye West, the famous singer, officially launched the YZY token on the Solana network. The token’s market cap reached over $3 billion in the early hours, but soon fell below $1 billion, sparking much debate in the market.

The YZY token is part of the YZY Money ecosystem and aims to provide tools such as peer-to-peer payments, a global payment card, and loyalty programs. The project team also announced an anti-sniping mechanism and multiple contract addresses for greater transparency.

⚡️However, there are concerns about ownership concentration, as about 70% of all tokens are held in a single wallet, with only 20% publicly available.