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The perceived odds of Ye, the rapper previously referred to as Kanye West, launching a token have plummeted after he posted on social media that he’s “no longer doing a coin” in a publish the place he added that “cash prey at the fanatics with hype.”
That publish noticed the perceived odds of Kanye launching a token this month, which at one level reached 40% on the preferred prediction marketplace Polymarket, plunge to round 10% as buyers reacted to it.
More than a few memecoins, referred to as “Ye,” have popped up because the rapper began the dialog about crypto on social media, in anticipation that the rapper goes to release a token. Then again, after the denial, those have noticed their price plunge. One of the crucial tokens has misplaced greater than 65% of its price because the rapper’s publish, whilst a 2nd one is down 89%, in keeping with Dexscreener information.
Ye’s publish, through which he stated he most effective does issues he’s “passionate and a professional about” whilst being “too wealthy to do the rest,” got here after a prior one through which the rapper stated he grew to become down a $2 million be offering to release his personal token. After his posts, the rapper perceived to wish to get in contact with Coinbase’s CEO, Brian Armstrong, in a cryptic publish.
Learn extra: JPMorgan Closed Kanye’s Account. Sure, There’s a Crypto Perspective
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