Kanye West has just revealed that he received an offer of up to 2 million USD to pretend to be hacked, thereby helping to inflate the price of a scam meme coin in the Solana ecosystem.
Accordingly, the development team of the meme coin YE is ready to pay 750,000 USD upfront for Ye to post promotional content on social media. After that, they promised to transfer an additional 1.25 million USD if he claimed that his account had been hacked to delete the post and deny any involvement. The only condition is that the post must exist for at least 8 hours before being deleted.
The practice of celebrities promoting 'junk' coins for profit is no longer rare. Previously, Floyd Mayweather and DJ Khaled were fined by the SEC for promoting a fraudulent ICO, while Logan Paul was also involved in scandals related to tokens that caused losses for investors.
This incident once again highlights the bitter reality of the crypto market: as long as someone has influence, they can make millions of USD with just one post. However, this also leads many investors to be deceived into speculative projects without thorough research, ultimately losing everything when things collapse.
Meme coins are a double-edged sword – they can yield enormous profits, but they can also leave investors 'broke' overnight. If you come across a coin being promoted by a celebrity, the most important thing is to do thorough research before deciding to invest, avoiding being led by FOMO and becoming 'liquidity' for sharks.
note: there will be many more brutal notes revealed later...