Kanye Just Shook the Crypto World: What YZY Meme Coin on Solana Means for Your Wallet—Get In Before It Blows Up!
When you think of Kanye West, what pops into your mind? Revolutionary music? Bold fashion moves? Well, now add crypto innovator to the list. Ye has just launched the YZY meme coin on the Solana blockchain—talk about turning heads in yet another domain. But here’s the twist: amidst rumors of his X account being hacked, Ye dives into a complex ecosystem featuring not just a token, but a payment processor, a card for spending digital assets, and anti-sniping tech designed to keep things fair for real traders. It’s as if he’s blending celebrity flair with Silicon Valley savvy, asking us all—can a meme coin redefine payments? Buckle up, because this could be the start of something wild. LEARN MORE.
Ye’s X account is suspected to have been hacked.
Key Takeaways
- Kanye West launched the YZY meme coin and payment ecosystem on Solana.
- YZY token offers anti-sniping features, vesting via Jupiter Lock, and is tradable on Meteora.
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Kanye West, now known as Ye Ye, officially released YZY, a new crypto token on the Solana blockchain, joining celebrities who have previously ventured into digital assets with mixed success, the rapper mogul announced late Wednesday on X, sharing a self-filmed video confirming the launch.
The YZY token briefly hit a $3 billion market value following Ye’s announcement, GeckoTerminal data shows.
Ye also revealed plans for a payment ecosystem called YZY Money.
The project includes YZY token, Ye Pay payment processor, and YZY Card for spending digital assets. The token operates with a total supply distributed across public allocation (20%), liquidity (10%), and vested tranches for Yeezy Investments LLC (70%).
The system employs an anti-sniping mechanism that deployed 25 contract addresses, with only one selected as the official YZY token.
“This dissuades snipers by making it a 1/25 chance for selection of the right CA, putting power back into the hands of real traders,” according to the project documentation.
YZY Money is described as “a concept for a new financial system, built on crypto rails,” while Ye Pay aims to reduce merchant fees by “accepting credit card and crypto.” The YZY Card will enable users to spend YZY and USDC globally.
The token’s vesting schedule uses Jupiter Lock, an open-sourced and audited protocol, with three tranches featuring different cliff periods and 24-month vesting terms. Trading is available through Meteora on Solana, with the official liquidity pool address published.
This is a developing story. Please come back for further updates.
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