Archive · 22 Aug 2025
Kanye West Launches YZY Memecoin on Solana
Kanye West, now known as Ye, has created his own cryptocurrency called YZY.
This coin is based on his lifestyle brand.
The value of YZY jumped very quickly to billions of dollars, but it could drop.
It's part of a plan to give people more control over their money, without it being controlled by big companies or banks.
This type of coin, like other celebrity-backed coins, can be very volatile and fluctuate a lot in value.
Ye has 70% of the supply of the coin.
Kanye West launched YZY, a memecoin on the Solana blockchain.
The coin's market value briefly reached $3 billion shortly after launch.
YZY aims to give users control, free from centralized authority.
Ye wrote, "Yeezy money is here. A new economy, built on chain."
70% of the total supply goes to Ye.
- Who
- Kanye West (Ye).
- What
- Kanye West launched the YZY memecoin.
- When
- Launched recently, on August 20.
- Where
- On the Solana blockchain.
- Why
- To offer a currency and financial platform.
Skeptics
Advocates
User financial control
Skeptics
Express concern regarding the potential for fans to be exploited by celebrity-backed meme coins.
Advocates
Believed that this could be an opportunity to control currency for the user.
- Coin Name
- YZY
- Blockchain
- Solana
- Initial Market Cap
- $3 billion
- Ye's share
- 70%
- Liquidity
- 10%
- Available for sale
- 20%