Kanye West’s Tweet Sparks Rumors of Launching His Own Token

Kanye West, a U.S. rapper and music producer, is going crazy on X, posting over 30 tweets in the last hour about his own thoughts and controversial issues.

One tweet caught my attention: “WHEN PEOPLE MAKE ALL THAT MONEY WITH A COIN IS THAT CASH OR CONCEPT????”. The tweet has caused a storm among some of his fans that deal with crypto.

The tweet has gone viral, reaching over 2.1 million views in an hour, with some asking him to drop a token on Pump.fun, a platform used to launch meme coins. 

Kanye’s tweet | Source: X

They asked him to create a token and take advantage of the current celebrity memecoin trend. Some even gave step-by-step instructions on how he could create a coin and make money off it

One fan, @TeTheGamer, tweeted, “Man drop the Pumpfun link. The trenches need a 300m runner and you can provide it.”

Another @TeTheGamer , commented, “Man drop the Pumpfun link nigga. Trenches need a 300m runner and you can provide it.” 

@LexaproTrader even encouraged West to embrace crypto, writing, “WE, THE CRYPTO COMMUNITY, WELCOME YOU WITH OPEN ARMS YE. JOIN US. THRIVE. LETS MAKE HISTORY AND SEND YE COIN TO BILLIONS.” 

Some users warned against the idea, with @RunnerXBT simply pleading, “please don’t.” Despite the mixed reactions, interest in a potential Kanye-backed token have surged, with “Ye” and “West” names already trending on the Pump.fun search.

‘Ye’ and ‘West’ trending on Pump.fun | Source: Pump.fun

West has not confirmed his association with any projects yet. However, it’s not news that tokens associated with celebrities have the potential to grow in value significantly, even without explicit endorsement. In the past, memecoins associated with celebrities such as Caitlyn Jenner and Iggy Azalea have rapidly grown in value, only to fall shortly afterwards.

Some early traders or “snipers” gained good money on the launch, while others were left with valueless tokens. With Kanye’s popularity, a coin with his name on it would definitely attract attention, but experts have warned that most celebrity-affiliated tokens turn out to be transient money grabs.

West’s erratic tweet storm has drawn attention beyond the crypto world. In the same session, he posted, “I JUST TWEETED EVERYTHING I COULD THINK OF AND IM STILL ALIVE,” and “I TURNED DOWN 3 PHOTOS THIS WEEK WITH MAKE A WISH KIDS IN WHEELCHAIRS.” 

His unpredictable behaviour has fueled even more speculation about his intentions. Whether he is really looking to get into crypto is yet to be determined.