Kanye West Rejects Crypto Token Offers, Calls It a Hype-Driven Scam

In Brief:

Kanye West denies plans to launch any crypto tokens, calling them a tool to deceive fans.

Reveals he turned down a $2M offer to issue a RUG token MEME coin.

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Rapper Kanye West has publicly shut down speculation that he would launch a crypto token, stating that he only creates products he loves and understands. In a social media post, he criticized the hype-driven nature of tokens, comparing them to the sneaker culture’s artificial hype tactics.

West also revealed that he had been offered $2 million to release a RUG token MEME coin, but he rejected the deal and cut ties with the proposer. His statement follows a growing trend of celebrities distancing themselves from crypto projects that lack transparency.

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