The post Kanye West Meme Coin Down 81% From Peak as Rapper Says Instagram Hacked for Scam appeared on BitcoinEthereumNews.com.

In brief Kanye West said Tuesday that his Instagram was hacked to promote a fake YZY token. The unofficial token briefly spiked to a $7 million market cap before crashing down to around $160K. Kanye’s real token has fallen 81% from its all-time high and trades around a $73 million market cap. Kanye West’s official Solana meme coin, YZY, is down nearly 81% from its peak only a week after launch as the rapper contends with what he said is an Instagram hack that promoted a fake token of the same name.  The real YZY token on Solana has risen nearly 1% today, while the impostor version sits 96% off its all-time high price, now trading just above a $160,000 market cap.  “My Instagram has been hacked and it’s following a fake coin,” Kanye posted to X, adding the official token’s X account and Solana contract address which ends in “YEEZY.” My Instagram has been hacked and it’s following a fake coin The official project is @YZY_MNY DrZ26cKJDksVRWib3DWsjo9 eeXccc7hKhDJviiYEEZY — ye (@kanyewest) August 26, 2025 The pop culture icon’s Instagram account, which boasts nearly 20 million followers, followed only two accounts around 1:45 p.m. ET on Tuesday—his partner Bianca Censori and a profile named “yzytoken.” That profile promotes what West calls a “fake coin,” a YZY token that was launched on popular Solana meme coin launchpad Pump.fun earlier Tuesday. The profile’s bio lists the impostor token’s contract address alongside the real token address, and has a single post from around 2:00 a.m. ET with a QR code and the text “(‘Restart now? (y/n): ‘) == ‘y.’”  West’s following of the fake token page alone was enough to send it to around a $7 million market cap at its peak before it came crashing down.  Kanye’s real meme coin was launched…

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Filed under: News - @ August 27, 2025 8:25 am