Image source: https://x.com/kanyewest/status/1958346810801697237
In August 2025, Kanye West officially launched Yeezy Coin (YZY) and its payment platform, YZY MONEY, on the Solana blockchain. Following the announcement, YZY’s market capitalization briefly soared to $3 billion, but by August 26, 2025, it had adjusted to around $560 million—reflecting a rapid decline in market enthusiasm and extreme price volatility.
According to official data, YZY’s token allocation is as follows:
Internal allocations account for approximately 70% of the supply, meaning regular investors hold a limited share in the short term. This concentration raises concerns over potential market manipulation and high levels of token centralization.
Official website: https://money.yeezy.com/
Ye Pay provides low-fee payment processing, allowing merchants to accept both credit cards and cryptocurrency. The official store at yeezy.com already accepts crypto payments, with future plans to support direct YZY payments.
The YZY Card is a non-custodial debit card that can be used at millions of merchants globally for transactions in both YZY and USDC. Users can spend crypto directly without manually converting to fiat, streamlining decentralized payments.
Since launch, YZY’s market cap has experienced intense swings: it initially spiked to $3 billion, but as of August 26, 2025, settled around $560 million. This sharp correction illustrates the short-lived speculative surge driven by celebrity influence and market excitement, while exposing investors to heightened price risk.
Roughly 94% of YZY is held by insiders, with 87% concentrated in multi-signature wallets. Some wallets acquired tokens early and sold near peak prices, increasing the risk of market manipulation and investment uncertainty.
Yeezy Coin combines celebrity branding, payment innovation, and decentralized finance concepts. However, investors should focus on risks from token concentration and price volatility, carefully weigh market enthusiasm against real-world use cases, and make prudent investment decisions.