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Kanye West’s “Yeezy Money” crypto crashes 61% despite $3B hype (coinjournal.net)

submitted 1 year ago by technocrit@lemmy.dbzer0.com to c/news@lemmy.world

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[–] Darkard@lemmy.world 24 points 1 year ago (1 child)

So what? Kanye sold his 50% of the scam coin plus the 11% that saw it happening and tried to get out in time.

This is the lifecycle of all crypto.

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[–] venusaur@lemmy.world 3 points 1 year ago

Yup. This is how all new coins work. Even the OG coins go through pump and dump, just like stocks, but they have the numbers and legitimacy to bounce back.

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