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Kanye tweets ‘Yeezy Money is here’ as YZY token crashes 70% post-launch
Chicago rapper Kanye West is no stranger to crashing stages, headlines, and fashion weeks. Now, he’s seemingly adding crypto to the list. On Thursday morning, following a tweet from West’s official account linking to a site branded “Yeezy Money,” a token called YZY rocketed to a market cap of $410 million within an hour of launch. In the hours that followed, it tumbled back to about $140 million — a drop of nearly 70%. The barebones site lays out a vision for a supposed new financial system branded YZY Money. The page details spinoff products like Ye Pay, a payments processor pitched as a cheaper ... (full story)
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