Ye's Crypto Tease: $2.77B Rapper Eyes Coin Launch or Major Investment

Rapper Kanye West, now known as Ye, has sparked speculation about his potential entry into the cryptocurrency world with a series of tweets over the past 12 hours. In his posts, he discussed crypto scams, buying crypto directly, and even hinted at the possibility of launching his own coin.

Ye's tweets have drawn significant attention, with one post gaining over 7.3 million views. In it, he asked, "When People Make All That Money With A Coin Is That Cash Or Concept????" This cryptic message has led many to wonder if Ye is considering a foray into the world of cryptocurrency. Some fans have even urged him to create a "Ye Coin," suggesting platforms like Pump.fun for its launch.

While it remains unclear whether Kanye currently owns any cryptocurrency, this isn't his first encounter with the crypto space. In 2014, he took legal action against a meme coin called "Coinye," forcing its developers to shut it down.

In a surprising turn of events, Kanye revealed that he turned down a $2 million offer to promote a fraudulent crypto scheme. According to his tweet, he was promised $750,000 upfront and another $1.25 million later to promote a fake cryptocurrency. The plan involved him posting about the coin, keeping the post live for eight hours, and later claiming his account was hacked. However, Kanye rejected the deal, exposing the unscrupulous tactics some companies employ to scam the public.

Shortly after exposing the scam, Kanye shared another tweet showing a private conversation where he asked for a trusted "crypto connect" who could help him buy digital assets directly. The response he received was a recommendation to reach out to Coinbase CEO Brian Armstrong, suggesting that Kanye might be looking to make a large crypto purchase without intermediaries.

With a reported net worth of $2.77 billion, Kanye's potential entry into crypto could have a significant impact on the market. Whether he launches his coin or makes a major investment, all eyes are on Ye's next move in the cryptocurrency world.