{"id":3785,"date":"2025-08-21T09:57:21","date_gmt":"2025-08-21T09:57:21","guid":{"rendered":"https:\/\/nicheblog.top\/worldpostone\/2025\/08\/21\/kanye-west-triggers-crypto-uproar-with-yzy-token-rollout\/"},"modified":"2025-08-21T09:57:21","modified_gmt":"2025-08-21T09:57:21","slug":"kanye-west-triggers-crypto-uproar-with-yzy-token-rollout","status":"publish","type":"post","link":"https:\/\/nicheblog.top\/worldpostone\/2025\/08\/21\/kanye-west-triggers-crypto-uproar-with-yzy-token-rollout\/","title":{"rendered":"Kanye West Triggers Crypto Uproar With YZY Token Rollout"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Kanye West faced scrutiny after launching YZY Money despite previously rejecting a $2 million crypto deal to avoid scamming his community.<\/p>\n<aside>\n<div id=\"allhiphop-subscribe2\" style=\"    margin-bottom: 20px;\">\n<form target=\"_blank\" action=\"https:\/\/read.letterhead.email\/all-hip-hop\/subscribe\" method=\"POST\">\n<div class=\"form__group\" bis_skin_checked=\"1\" style=\" padding: 30px; background: #f5f5f5; \">\n\t\t\t\t\t<label for=\"email\" class=\"form__label form__label--required\"><br \/>\n\t\t\t\t\t<strong>AllHipHop.com<\/strong><br \/>\n\t\t\t\t\t<\/label><\/p>\n<p>Since 1998, AllHipHop.com has pioneered delivering Hip-Hop news. Get our daily email for exclusive, breaking news, and weekly digests, all curated for the true Hip-Hop enthusiast. Stay connected and informed with the heartbeat of Hip-Hop culture. Subscribe now!<\/p>\n<p>\n\t\t\t\t\t<input id=\"email\" maxlength=\"\" required=\"required\" type=\"email\" name=\"email\" class=\"form__input\"\/><br \/>\n\t\t\t\t\t<button type=\"submit\" class=\"form__group__field__submit-button items-center button button--secondary\" style=\" color: rgb(255, 255, 255); background-color: rgb(197, 0, 0); font-family: Cantarell, &quot;Helvetica Neue&quot;, sans-serif; border: 0px solid rgb(41, 98, 255); border-radius: 3px; padding: 3px 23px; \"> Subscribe <\/button>\n\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/aside><\/div>\n<div>\n<p><a href=\"https:\/\/allhiphop.com\/tag\/kanye-west\">Kanye West<\/a> ignited a frenzy Wednesday (August 20) after launching his Solana-based cryptocurrency YZY Money, drawing backlash from critics who say the move contradicts his own warnings about celebrity-backed coins.<\/p>\n<p>West introduced the token with an announcement on social media. \u201cYEEZY MONEY IS HERE,\u201d he tweeted. \u201cA NEW ECONOMY, BUILT ON CHAIN.\u201d<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"730\" height=\"376\" data-attachment-id=\"6115511\" src=\"https:\/\/allhiphop.com\/news\/kanye-west-launches-yzy-coin-despite-past-warning-coins-prey-on-fans\/attachment\/screenshot-2025-08-21-at-09-47-50\/\" data-orig-file=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.47.50.png\" data-orig-size=\"730,376\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Screenshot 2025-08-21 at 09.47.50\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.47.50-420x216.png\" data-large-file=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.47.50.png\" alt=\"\" class=\"wp-image-6115511\" srcset=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.47.50.png 730w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.47.50-420x216.png 420w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.47.50-170x88.png 170w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.47.50-2x1.png 2w\" sizes=\"auto, (max-width: 730px) 100vw, 730px\"\/><\/figure>\n<p>But the rollout was met with immediate skepticism from crypto watchers and longtime supporters, many of whom recalled West\u2019s earlier stance against digital currency schemes.<\/p>\n<p>Back in February, West publicly rejected a $2 million offer to attach his name to a crypto project, saying he wouldn\u2019t \u201cscam my community\u201d and also warning that \u201ccoins prey on the fans with hype.\u201d<\/p>\n<p>That statement resurfaced across social media as users questioned whether West had reversed course or lost control of his account.<\/p>\n<p>\u201cThe official Yeezy token just dropped,\u201d West said in a <a href=\"https:\/\/x.com\/kanyewest\/status\/1958354070676402285\" target=\"_blank\" rel=\"noreferrer noopener\">video<\/a> posted on his X (Twitter) account, directly addressing speculation that his account had been compromised. The post included a link to the YZY Money website.<\/p>\n<p>The YZY ecosystem includes a trio of offerings: the YZY token, a payment platform called Ye Pay, and a YZY Card for spending both YZY and USDC globally. The token is now accepted on West\u2019s official Yeezy online store as a payment method for merchandise.<\/p>\n<p>According to the YZY Money site, the coin is \u201cnot intended to be an investment opportunity\u201d and should be viewed as a symbolic \u201cexpression of support.\u201d<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-kanye-west-previously-claimed-he-was-offered-2-million-for-crypto-scam\">Kanye West Previously Claimed He Was Offered $2 Million For Crypto Scam<\/h2>\n<p>Still, critics drew comparisons to other celebrity crypto flops, accusing West of participating in what some called a \u201cpump-and-dump\u201d scheme.<\/p>\n<p>YouTuber Coffeezilla, known for investigating influencer scams, highlighted West\u2019s past remarks. \u201cHe was offered \u00a32m to scam his community,\u201d Coffeezilla reminded viewers, pointing to the contradiction between West\u2019s February comments and his current promotion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"644\" height=\"628\" data-attachment-id=\"6115512\" src=\"https:\/\/allhiphop.com\/news\/kanye-west-launches-yzy-coin-despite-past-warning-coins-prey-on-fans\/attachment\/screenshot-2025-08-21-at-09-48-42\/\" data-orig-file=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42.png\" data-orig-size=\"1194,1164\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Screenshot 2025-08-21 at 09.48.42\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-308x300.png\" data-large-file=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-644x628.png\" alt=\"\" class=\"wp-image-6115512\" srcset=\"https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-644x628.png 644w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-308x300.png 308w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-170x166.png 170w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-1x1.png 1w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-24x24.png 24w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42-48x48.png 48w, https:\/\/s37284.pcdn.co\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-09.48.42.png 1194w\" sizes=\"auto, (max-width: 644px) 100vw, 644px\"\/><\/figure>\n<p>Market reaction was chaotic. Forbes reported that YZY Money skyrocketed nearly 1,000% within minutes of launch, briefly reaching a $3 billion market cap before plummeting below $1 billion just hours later.<\/p>\n<p>West has not issued further comment beyond the promotional video.\u00a0<\/p>\n<p><h3 class=\"jp-relatedposts-headline\"><em>Related<\/em><\/h3>\n<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/allhiphop.com\/news\/kanye-west-launches-yzy-coin-despite-past-warning-coins-prey-on-fans\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kanye West faced scrutiny after launching YZY Money despite previously rejecting a $2 million crypto deal to avoid scamming his community. AllHipHop.com Since 1998, AllHipHop.com has pioneered delivering Hip-Hop news. Get our daily email for exclusive, breaking news, and weekly digests, all curated for the true Hip-Hop enthusiast. Stay connected and informed with the heartbeat [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hip-hop"],"_links":{"self":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/posts\/3785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/comments?post=3785"}],"version-history":[{"count":0,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/posts\/3785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/media\/3786"}],"wp:attachment":[{"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/media?parent=3785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/categories?post=3785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nicheblog.top\/worldpostone\/wp-json\/wp\/v2\/tags?post=3785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}