ChainCatcher news, renowned rapper Kanye West stated on social media, "I will not issue tokens, I only make products, I only do what I love and understand. I am too rich to need to do anything else. Tokens deceive fans through hype, just like the hyped sneaker culture."BlockBeats reported earlier today that Kanye West mentioned on social media that someone proposed to pay him $2 million to issue a meme coin to defraud his fan community, which Kanye himself has rejected the "collaboration" request.According to chat screenshots released by Kanye, this "collaboration" requested Kanye to promote a RUG pull meme coin, with a prepayment of $750,000. Eight hours after posting, Kanye could announce that his "account was hacked," and after 16 hours of posting, an additional $1.25 million would be paid. The mastermind behind this "collaboration" claimed it could profit tens of millions of dollars.

ChainCatcher news, renowned rapper Kanye West stated on social media, "I will not issue tokens, I only make products, I only do what I love and understand. I am too rich to need to do anything else. Tokens use hype to deceive fans, just like the hyped sneaker culture."Previously, Kanye West mentioned on social media that he received a $2 million proposal asking him to issue a RUG pull Meme coin, but he rejected the proposal and ceased collaboration with the proposer.