Kanye West YZE Memecoin Hits $3 Billion Amid Trump-Fueled Crypto And Bitcoin Price Boom
Kanye West, the highly controversial rapper now known as Ye, has launched a memecoin, following in the footsteps of U.S. president Donald Trump who announced his own coin in January.
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The price of the memecoin, called YZE, surged following the launch, climbing almost 1,000% in minutes and briefly hitting a market capitalization of $3 billion before falling back sharply to around $1.5 billion, according to CoinGecko data.
The memecoin launch comes amid a bitcoin price and crypto boom that’s catapulted the value of the combined crypto market to $4 trillion—helped by the technology being embraced by Trump and Wall Street.
