this post was submitted on 22 Aug 2025
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[–] wuffah@lemmy.world 42 points 4 days ago (1 children)

As an Internet person with absolutely no knowledge or experience in finance, I can professionally guarantee you that Kanye West’s crypto coin “Yeezy Money” is not a good investment and you should not purchase it.

I mean Jesus fucking Christ.

[–] BussyGyatt@feddit.org 5 points 4 days ago

the more you think about it the worse it gets

[–] Darkard@lemmy.world 24 points 4 days ago (1 children)

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.

[–] venusaur@lemmy.world 3 points 4 days 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.

[–] Aidinthel@reddthat.com 11 points 4 days ago (3 children)

Who exactly is still buying these things? Fool me once, shame on you, but fool me one hundred times...

[–] meco03211@lemmy.world 13 points 4 days ago

My only guess is that it's people who think they can get in and out before the dump. Beyond that it's got to be just pure unfiltered ignorance.

[–] n3m37h@sh.itjust.works 2 points 4 days ago

A foolded man cant be fooled again!! - G.W. Bush

[–] n3m37h@sh.itjust.works 8 points 4 days ago

You fucking RETARDS will never learn will ya???

Ya got what ya deserved, fucking idiots

[–] sirico@feddit.uk 6 points 4 days ago

First time this sort of thing has happened.

[–] TheDemonBuer@lemmy.world 4 points 4 days ago* (last edited 4 days ago)

Step 1: pump
Step 2: dump
Step 3: profit