Rapper Kanye West, now known as Ye, entered the cryptocurrency market with Yzy’s launch, a symbol built on Solana Blockchain.
summary
- Kanye West Yzy launched a new icon on Solana, with an environmental system including Ye Pay and Yzy.
- The distinctive symbol for a short time reached the ceiling of the market 3.2 billion dollars before restoring.
- Analysts reported the interior activity despite the anti -floor measures.
The rapper and businessman revealed the project on August 21 in A. mail On X, where the project was described as the basis of a “new economy, based on the chain”. Memecoin appeared for the first time in Kanye West with direct market enthusiasm, prompting it for a short time to be evaluated to $ 3.2 billion before approaching $ 1.3 billion until the time of the press.
Build Yzy Money Ecosystem
The distinctive symbol is placed as the essence of the new Yzy Money system, which also includes Pay, the encryption focusing processor, and the YZY card, which is a spending tool designed for global use in both Yzy and USD (USDC).
The project aims to challenge central financial structures and reduce costs for traders who usually bear high fees when processing credit card transactions. Yee has presented a basis for a larger environmental system that would enhance payments, trade and adoption of digital currencies, and put them as more than just speculative origin.
YZY distribution is organized through public allocations, liquidity reserves, and long -term culture -related cultures associated with Yeezy Investments LLC. To maintain transparency, the chest procedures are made on the lock by locking Jupiter (JuP), which is a Solana audited protocol.
The project implemented the mechanism of combating the defection by publishing 25 titles of the contract, one of which was randomly chosen as an official YZY contract. This system, according to its documents, was aimed at deterring automatic robots and creating a more fair circulation environment for retail participants.
Early concerns and the reaction of the market
Blockchain experts have already noticed unusual Yzy activity, despite the efforts made to photograph it as a fair launch. According to Lookonchain, many internal portfolios seem to have prior knowledge entitled the right contract, which enabled them to buy symbols in front of the general public.
One of the wallets tried to buy Yzy a day before the official launch, raising questions about the equal arrival of the merchants.
YZY can be traded on the Solana’s Meteora platform, as the project collection provides liquidity. The acute price fluctuations during the first day highlight the risks associated with celebrities -backed symbols, as well as the speculative excitement surrounding Ye entering the encryption space.
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2025-08-21 04:27:00
