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Kanye West has publicly denied rumors of launching a cryptocurrency, stating he is not creating a coin and criticizing such initiatives as preying on fans through hype. He revealed that he was approached with a $2 million offer to promote a fake 'Ye Coin,' which he rejected, emphasizing his focus on creating real products. Following his statements, prediction markets reduced the likelihood of a Kanye-backed token from 40% to 10%, and speculative memecoins experienced significant declines, with some losing up to 89% of their value.
https://t.co/AMYfQ77s7j co-founder has dismissed rumors about launching a new token, advising to only trust information from official https://t.co/AMYfQ77s7j channels. https://t.co/NQqJE9MTqW
PUMPFUN FOUNDER ALON DENIES RUMORS OF TOKEN LAUNCH, CALLS REPORTS FALSE - Alon, co-founder of Pumpfun, has publicly denied ongoing rumors about the platform launching a native token or an initial public offering (IPO). He labeled these reports as false and misleading. - In a… https://t.co/kOtcEg2lUq https://t.co/kzURcpKBLv
🚨UPDATE: WU BLOCKCHAIN CHALLENGES PUMPFUN FOUNDER ALON, CLAIMING TO HAVE DOCUMENTS CONFIRMING PLANS FOR A PUMPFUN TOKEN LAUNCH https://t.co/1wSciIHdqg