Kanye West teases “Swasticoin” launch, sparking outrage over its name and intent. Crypto community reacts as Ye’s unpredictable behavior raises concerns.
Kanye West, now known as Ye, has hinted at launching a cryptocurrency token called “Swasticoin” next week. Several posts about cryptocurrency on Saturday introduced the highly controversial statement.
Ye started his discourse by issuing negative comments about crypto projects which exploited fan base hype. He has made a sudden transformation by planning to launch his own cryptocurrency token which will be known as Swasticoin. The posts indicate Swasticoin stands as the upcoming token name. The announcement received widespread outrage because it comes after multiple offensive statements that Ye directed at Jewish people.
Crypto Community Reacts as Ye Announces Token Launch Next Week
Ye revealed he plans to give Jewish individuals along with his personal circle the first opportunity to access the Swasticoin contract address (CA). His statement continued “Let’s check if stereotypes genuinely exist.” Immediate criticism arose against his provocative statement that many people found offensive.
After his token announcement, Ye has continued his social media engagement. Today he used Twitter to redistribute several Binance’s former CEO CZ posts. The social media interaction evolved when Ye removed his connection with CZ and started following the executive director of Polychain Olaf Carlson-Wee. Additional attention is being paid to the erratic behavior of Ye because of his sudden shift in social media activities.
He announced before that every token which carries his name exists as a fraud. Ye announced that his legitimate token release will happen the following week. He declined to offer information about the goal of the token or the development group behind its creation.
The authenticity of Ye’s statement about the upcoming token remains uncertain alongside all his previous controversial public remarks. The crypto community along with members of the public have displayed intense responses to his social media statements. People have begun to inquire about the effects of his cryptocurrency interest and at the same time they strongly criticize the token’s name.
The uncertain future of this project remains unknown because of Ye’s unpredictable conduct alongside his bombastic statements from the past. The crypto community is closely watching for further updates in the coming days.
