BREAKING: Kanye West (now known as Ye) confirmed he is launching his own cryptocurrency meme coin called $YZY

As of today, February 22, 2025, the latest updates regarding Kanye West (now known as Ye) and his involvement with a meme coin indicate significant developments. 

Kanye West has reportedly confirmed he is launching his own cryptocurrency meme coin called $YZY, with plans to release it next week. He has publicly stated that all existing Kanye-themed coins currently in circulation are fake, urging caution among traders and fans. This announcement came via a tweet on February 22, 2025, where he emphasized that his official coin is forthcoming, distinguishing it from fraudulent ones.

Reports suggest that the $YZY token is designed to serve as an official currency for his Yeezy brand, with a highly centralized distribution: 70% of the token supply allocated to Ye himself, 10% for liquidity, and 20% for investors. This structure has sparked controversy, with some in the crypto community labeling it as hypocritical given Ye’s earlier rejection of a $2 million offer to promote a fraudulent meme coin, which he exposed on February 7, 2025.

At that time, he criticized such schemes as exploiting fans, yet his current plan to retain a majority stake in $YZY has drawn similar accusations of self-interest.

The token’s launch was initially scheduled for Thursday, February 20, 2025, but was delayed to Friday, February 21, 2025, according to sources close to the project. Speculation ties the timing to the relaunch of his Yeezy brand on February 24, 2025, suggesting the coin might integrate with his e-commerce ecosystem. However, concerns linger about its long-term viability, given the mixed track record of celebrity-backed meme coins, many of which surge briefly before crashing.

Market reactions have been notable. Following Ye’s confirmation, Bitcoin and Ethereum saw modest price increases of 2.5% and 1.8%, respectively, on February 22, 2025, reflecting broader market interest in celebrity crypto ventures. Posts on X also indicate ongoing buzz, with some users claiming access to early contract addresses (though unverified), while others express skepticism about the project’s authenticity and impact.

In summary, Kanye West’s latest move is the confirmed launch of the $YZY meme coin next week, amidst debates over its legitimacy and potential to either disrupt or disappoint the crypto space. 

The situation remains fluid, with the crypto community closely watching for the official release and its aftermath.

As of today, February 22, 2025, there’s buzz on X suggesting that Kanye West is only following CZ Binance (Changpeng Zhao, former CEO of Binance) on the platform. This claim comes from posts on X, but without direct access to Kanye West’s current following list to verify, it remains unconfirmed. Kanye, known for his unpredictable social media behavior, has historically used platforms like X to make bold statements or align himself with figures he finds intriguing—whether for artistic, cultural, or provocative reasons.

CZ, a prominent name in the crypto world, stepped down as Binance CEO in 2023 after a legal settlement but retains massive influence with an estimated 90% stake in the company and a net worth exceeding $60 billion as of early 2025.

If true, Kanye following only CZ could signal anything from a personal interest in cryptocurrency (he’s mentioned Bitcoin positively before, like on Joe Rogan’s podcast in 2020) to a deliberate move to stir attention. Posts on X hint at this being a fresh development—“2025 is just starting!”—but there’s no hard evidence yet tying it to a specific event, like CZ’s recent crypto ventures or Kanye’s own projects. It’s worth noting CZ has been active lately, hinting at a meme coin based on his dog in February 2025, which spiked BNB Chain activity, while Kanye’s been quieter since his 2024 album Vultures 2.

For now, treat this as social media chatter rather than fact. If you want, I can dig into Kanye’s or CZ’s X activity further to see if there’s more context—let me know!