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Kanye West's memecoin jumps 1,000% minutes after launch, gains ₹26,000-crore value
The price of Rapper Kanye West's recently-launched memecoin called YZY climbed 1,000% within just minutes of its launch, Forbes reported. With the sudden surge, the crypto hit a market capitalisation of over $3 billion (₹26,000 crore) before falling sharply to trade at $1.5-billion m-cap. YZY is currently trading at $1.1605, recording a nearly 500% rise in under 24 hours.
tap for more at Financial Express / yesterday
70% of YZY is owned by Yeezy Investments
20% is in public supply with 10% in liquidity
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