jackyetsum
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To clarify for the onlookers
Kanye @kanyewest's issuance of $YZY background
1⃣
Beginning:
In February 2024, Kanye (American rapper Kanye West) hinted at contacting Coinbase CEO Brian, and everyone thought he was going to issue a coin.
However, Ye publicly denied the issuance on social media, stating that someone offered him $2 million to induce him to issue a coin, which he refused, criticizing it as a "scam to harvest fans' money."
What an upright guy!
2⃣
Twist:
In February 2025, according to CoinDesk reports, Ye's team secretly prepared for the issuance of the yzy token, with token distribution highly concentrated: 70% belongs to Ye personally, 10% for market liquidity, and 20% allocated to investors.
It was originally planned to launch on February 21 at 6 PM at Yeezy, but due to the "Argentinian President's coin" incident causing some market panic, it was postponed to February 22.
3⃣
Official issuance:
On August 21, 2025, today, Ye announced on Twitter that the yzy token was officially launched, releasing a video stating "Yeezy Money is here," and posted links to CA and the Yeezy Money website.
Within 40 minutes of the token issuance, the market cap soared to 3B, but then plummeted to 1B, cutting a large wave of investors.
4⃣
According to Lookonchain analysis, the liquidity pool only added $YZY tokens, without adding USDC, allowing developers to adjust liquidity to sell off tokens, similar to the LIBRA token model.
@coinbase executive Conor Grogan pointed out that 94% of the tokens are held by insiders, with a single multi-signature wallet holding 87%.
The big brother starts a business, fans foot the bill, another inspirational story.
$YZY #BNB创新高
{alpha}(CT_501DrZ26cKJDksVRWib3DVVsjo9eeXccc7hKhDJviiYEEZY)
Kanye @kanyewest's issuance of $YZY background
1⃣
Beginning:
In February 2024, Kanye (American rapper Kanye West) hinted at contacting Coinbase CEO Brian, and everyone thought he was going to issue a coin.
However, Ye publicly denied the issuance on social media, stating that someone offered him $2 million to induce him to issue a coin, which he refused, criticizing it as a "scam to harvest fans' money."
What an upright guy!
2⃣
Twist:
In February 2025, according to CoinDesk reports, Ye's team secretly prepared for the issuance of the yzy token, with token distribution highly concentrated: 70% belongs to Ye personally, 10% for market liquidity, and 20% allocated to investors.
It was originally planned to launch on February 21 at 6 PM at Yeezy, but due to the "Argentinian President's coin" incident causing some market panic, it was postponed to February 22.
3⃣
Official issuance:
On August 21, 2025, today, Ye announced on Twitter that the yzy token was officially launched, releasing a video stating "Yeezy Money is here," and posted links to CA and the Yeezy Money website.
Within 40 minutes of the token issuance, the market cap soared to 3B, but then plummeted to 1B, cutting a large wave of investors.
4⃣
According to Lookonchain analysis, the liquidity pool only added $YZY tokens, without adding USDC, allowing developers to adjust liquidity to sell off tokens, similar to the LIBRA token model.
@coinbase executive Conor Grogan pointed out that 94% of the tokens are held by insiders, with a single multi-signature wallet holding 87%.
The big brother starts a business, fans foot the bill, another inspirational story.
$YZY #BNB创新高
{alpha}(CT_501DrZ26cKJDksVRWib3DVVsjo9eeXccc7hKhDJviiYEEZY)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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