Ye, the artist formerly known as Kanye West, seemingly teased the launch of a token called "Swasticoin" next week in a series of erratic posts about cryptocurrency on Saturday.
Ye plans to launch a token "next week," according to one post, a reversal of the artist's recently-stated opinion that such projects "prey on the fans with hype."
The token will apparently be called "Swasticoin," according to Ye's posts, furthering a series of offensive posts about the Jewish community Ye has published over recent weeks.
"I’m going to open the CA [contract address] for my Swasticoin to Jewish people and my friends and family first," Ye said in one post. "Let’s see if stereotypes exist for a reason."
Ye also asked his following about blockchain networks like Ethereum, "Solona," BNB Chain, Hyperliquid, and others, while apparently trying to get in touch with Binance co-founder Changpeng "CZ" Zhao, according to one post with several offensive slurs.
Ye had reposted one of CZ's posts complaining that decentralized exchanges are harder to use than their centralized counterparts, and currently follows only CZ and memecoin trader Tall on X. In response to a screenshot showing his post at the top of Ye's X feed, CZ said, in apparent mock surprise, "That one retweet got him to 33.2m followers? wow," adding a thinking face emoji.
Three sources close to Ye reportedly told crypto news outlet Coindesk that Ye plans to launch a token next week, reserving 70% of the supply for himself, and that the token will be used to get around Shopify's censorship of his Yeezy store. However, the report says the token will be called YZY, which could indicate it's a different project than the "Swasticoin" he discussed on Saturday.
This is not Ye's first attempt to monetize the symbol of Nazi Germany's fascist government. Ye recently began selling shirts on his website titled HH-01, apparently short for "Heil Hitler," featuring a Swastika on a plain white tee. A commercial aired during the Super Bowl directed viewers to the website, but did not mention the shirts. The website was later taken down.
Though Ye said he would launch the token "next week," it's possible the erratic artist can still change course — or abandon the project entirely. "Time to launch my own blockchain," he said in his most recent post at publication time.
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