well-known rapper Kanye West posted on social media, "I won't issue tokens, I only do products, I only do things I love and understand. I'm too wealthy to do anything else. Tokens are used to deceive fans through hype, just like the hype around sneaker culture."

Earlier, it was reported that Kanye West had received a proposal for a $2 million Rug Pull Meme Coin issuance on social media, but he rejected the proposal and stopped working with the proposer.