Kanye's Crypto U-Turn Tanks Odds

Key Developments:
Public Denial: Ye explicitly denied plans to launch a cryptocurrency, publicly stating his belief that such projects exploit fanbases through hype.
Market Reaction: This announcement resulted in a sharp decline in the predicted likelihood of a Ye token launch on prediction markets such as Polymarket. Odds, which previously reached 40%, plummeted to approximately 10%. This also impacted the value of altcoins previously associated with speculation surrounding a potential Ye cryptocurrency. Financial Incentive Rejected: The rejection of a substantial $2 million offer further solidifies Ye's apparent disinterest in pursuing a cryptocurrency project at this time.

In conclusion, the odds of Kanye West launching a cryptocurrency are now considered significantly low following his public statement and actions.