Kanye West officially launches MEME coin after six months of delay! It's suspected that the Argentinian presidential coin team is behind the launch, with several insiders profiting from the early launch Renowned rapper Kanye West has launched a memecoin, YZY, on the Solana blockchain, which briefly surged to a market capitalization of $3.4 billion. The project, however, has quickly come under scrutiny amid concerns over centralized token allocations, alleged insider trading and front-running by internal wallets, as well as a tokenomics structure that closely resembles the collapsed LIBRA project. Critics highlight that more than 70% of the supply is concentrated in team-controlled wallets, while the project’s legal disclaimers appear designed to shield against potential investor lawsuits. In parallel, Kanye introduced payment products Ye Pay and the YZY Card to expand the token’s utility. Still, his frequent shifts in issuance motives and the project’s controversial operations have raised skepticism among market participants about its long-term viability and credibility. Note: This article is AI-translated, slight inaccuracies may exist.