The post Kanye West still hasn’t released a crypto token, despite rumors appeared on BitcoinEthereumNews.com. A Kanye West-themed token hit a $120 million market cap on Tuesday after the eccentric rapper followed an X account called “YZY MONEY” and sparked rumors of a “billion market cap token” launch. Unfortunately for one trader who plowed $750,000 into the unrelated Pump Fun-based “YZY,” it promptly dropped back to $7.5 million just seconds later, costing them an estimated $500,000. Despite no token announcement or address, West following the YZY MONEY account caused something of a frenzy among hopeful traders who duly piled into an assortment of “YZE”-themed tokens. Right on cue, crypto analyst Bubblemaps cautioned that scammers are “already bundling fake $YZY tokens” and warned users not to fall for them. The sudden pump and dump of a YZE-themed token on Pump Fun. Read more: Kanye West said ‘coin’ on X and memecoin degens are frothing The crypto community has been feverishly hyping up the idea of a Kanye West-backed token for some time. Indeed, back in February, users were pleading for him to launch a crypto during one of his controversial posting sprees, where he praised Hitler and Andrew Tate.  The catalyst for crypto users was a post from West that read, “WHEN PEOPLE MAKE ALL THAT MONEY WITH A COIN IS THAT CASH OR CONCEPT🤔” The YZY MONEY account is the only account followed by West’s X account. Read more: Bitcoin Core dev Peter Todd shilling a Joker memecoin for $5,000 An imminent “billion market cap token” launch would certainly be coming at the right time for West. According to the US SUN, West has been selling his Los Angeles properties due to him being “strapped for cash” thanks to unpaid taxes and pending lawsuits.  His line of Yeezy merch featuring swastika designs was shuttered by Shopify last February and West complained that Shopify was withholding… The post Kanye West still hasn’t released a crypto token, despite rumors appeared on BitcoinEthereumNews.com. A Kanye West-themed token hit a $120 million market cap on Tuesday after the eccentric rapper followed an X account called “YZY MONEY” and sparked rumors of a “billion market cap token” launch. Unfortunately for one trader who plowed $750,000 into the unrelated Pump Fun-based “YZY,” it promptly dropped back to $7.5 million just seconds later, costing them an estimated $500,000. Despite no token announcement or address, West following the YZY MONEY account caused something of a frenzy among hopeful traders who duly piled into an assortment of “YZE”-themed tokens. Right on cue, crypto analyst Bubblemaps cautioned that scammers are “already bundling fake $YZY tokens” and warned users not to fall for them. The sudden pump and dump of a YZE-themed token on Pump Fun. Read more: Kanye West said ‘coin’ on X and memecoin degens are frothing The crypto community has been feverishly hyping up the idea of a Kanye West-backed token for some time. Indeed, back in February, users were pleading for him to launch a crypto during one of his controversial posting sprees, where he praised Hitler and Andrew Tate.  The catalyst for crypto users was a post from West that read, “WHEN PEOPLE MAKE ALL THAT MONEY WITH A COIN IS THAT CASH OR CONCEPT🤔” The YZY MONEY account is the only account followed by West’s X account. Read more: Bitcoin Core dev Peter Todd shilling a Joker memecoin for $5,000 An imminent “billion market cap token” launch would certainly be coming at the right time for West. According to the US SUN, West has been selling his Los Angeles properties due to him being “strapped for cash” thanks to unpaid taxes and pending lawsuits.  His line of Yeezy merch featuring swastika designs was shuttered by Shopify last February and West complained that Shopify was withholding…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more