Ye, the rapper and designer formerly known as Kanye West, said on X he has no plans to drop a memecoin after initially teasing the idea on Friday.
"IM NOT DOING A COIN," Ye wrote on X Saturday, as part of a series of erratic social media posts the controversial star has published since Thursday night. "I ONLY DO THINGS I AM PASSIONATE AND KNOWLEDGEABLE ABOUT...COINS PREY ON THE FANS WITH HYPE."
Ye's explicit and often offensive recent posts occasionally referenced crypto; the rapper said he was offered $2 million to launch a memecoin and posted publicly that he was looking to get in touch with Coinbase CEO Brian Armstrong, The Block previously reported.
"I also turned down a fake coin tweet," Ye wrote in another post.
A Polymarket prediction market launched Thursday to speculate on the possibility of Ye launching a coin in February at one point gave the prospect a 40% chance before crashing to 13% following Ye's tweet.
Ye's recent posts have been the subject of major controversy given their often offensive and shocking content. The star has praised Nazi imagery, attacked Jewish people, and published a variety of other obscene statements. Ye lost his longtime partnership with Adidas and was dropped by the Creative Artists Agency in 2022 over similar statements.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
