---
title: "Kanye West says he drops coin next week, claims all current ones are fake"
url: https://diffcoin.com/kanye-west-says-he-drops-coin-next-week-claims-all-current-ones-are-fake/
description: "Kanye West plans to launch his YZY crypto token, seeking financial independence. Concerns arise over its centralization and longevity."
published: 2025-02-22
updated: 2025-02-22
author: "Mila"
site: "Diffcoin"
---

# Kanye West says he drops coin next week, claims all current ones are fake

### Key Takeaways

- Ye is launching a crypto token next week.
- YZY token distribution reportedly gives 70% to Kanye West, raising concerns about centralization.

Share this article

Kanye West, now known as Ye, has announced a new coin launching next week, and has also stated that every other coin currently available is “fake.”

Two weeks after a series of controversial tweets, including mentions of “coin” and “crypto,” and a subsequent X account deactivation, Ye returned this week and tweeted about “coin” again on Friday.

His statement follows an early report revealing that Ye plans to launch a crypto token called YZY as part of his strategy to create a censorship-resistant financial ecosystem for his brand. The token aims to help him bypass platforms that have cut ties with him due to controversies.

Reports indicate Ye initially sought an 80% stake in YZY coin, ultimately agreeing to 70%, with 10% for liquidity and 20% for investors; the coin will function as his website’s official currency.

The initial token launch, originally scheduled for Thursday evening, was pushed to Friday.

The launch follows other celebrity-backed crypto ventures, including Donald Trump’s TRUMP meme coin.

Argentina’s President Javier Milei recently endorsed the LIBRA meme coin, resulting in a swift and dramatic collapse.

Share this article

[Source link](https://cryptobriefing.com/kanye-west-crypto-token-launch/)