technocrit@lemmy.dbzer0.com to News@lemmy.world · 6 days agoKanye West’s “Yeezy Money” crypto crashes 61% despite $3B hypecoinjournal.netexternal-linkmessage-square10linkfedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1external-linkKanye West’s “Yeezy Money” crypto crashes 61% despite $3B hypecoinjournal.nettechnocrit@lemmy.dbzer0.com to News@lemmy.world · 6 days agomessage-square10linkfedilinkfile-text
minus-squareDarkard@lemmy.worldlinkfedilinkEnglisharrow-up0·6 days agoSo 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.
minus-squarevenusaur@lemmy.worldlinkfedilinkarrow-up0·6 days agoYup. 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.
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.
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.