Kanye West Teases Launch of ‘Swasticoin’ Amid Controversial Crypto Posts
February 22, 2025, 4:59 PM EST
In a series of erratic posts on social media, Kanye West, who now goes by Ye, has announced plans to launch a cryptocurrency token called “Swasticoin” as early as next week. This announcement comes amidst a string of controversial comments and actions that have drawn significant media attention and public criticism.
Recent Posts and Controversial Content
On Saturday, Ye took to social media to share messages regarding the upcoming Swasticoin, diverging from his previous stance that such endeavors were exploitative towards fans. In one of his posts, he stated, “I’m going to open the CA [contract address] for my Swasticoin to Jewish people and my friends and family first. Let’s see if stereotypes exist for a reason.” This remark, along with others made in the context of his plans for the token, has reignited discussions about Ye’s troubling comments regarding the Jewish community.
Ye also expressed an interest in various blockchain networks, soliciting input from his followers on platforms such as Ethereum and BNB Chain, while signaling an attempt to connect with Binance co-founder Changpeng “CZ” Zhao. Ye has allegedly reacted to Zhao’s critique of decentralized exchanges, sharing a post that indicates his growing engagement with the cryptocurrency space.
Token Details and Speculation
According to reports from multiple sources familiar with Ye’s plans, he intends to reserve 70% of the token’s supply for himself. This would reportedly allow him to circumvent perceived censorship from Shopify concerning his Yeezy store, although there are conflicting reports regarding whether the token will officially be named Swasticoin or an alternative name, YZY.
These latest developments are not an isolated incident for the artist. Recently, Ye has faced scrutiny for selling merchandise that features symbols associated with extremist ideologies, including a T-shirt adorned with a swastika, which sparked outrage following its brief availability before his website was taken down.
The Future of Swasticoin
While Ye has asserted that the launch of Swasticoin is imminent, the unpredictability associated with his recent social media activity suggests that his plans may be subject to change. In his most recent comments posted online, he hinted at a potential pivot, stating, “Time to launch my own blockchain,” raising further speculation about his ambitions in the cryptocurrency landscape.
Conclusion
As Ye known for his spontaneous and sometimes controversial actions, his announcement regarding Swasticoin has generated mixed reactions. The proposal for a new cryptocurrency token stands to scrutinize both his intentions and the broader impact of celebrity involvement in the crypto space.
As the situation continues to unfold over the coming days, those in the cryptocurrency community will be watching closely to see if Ye follows through on his plans or if he will shift his focus once again.
For updates on this story and more on the evolving cryptocurrency landscape, stay tuned.
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