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Kanye West Plans To Launch His Own Token!
Why has this cycle been the toughest one till date?
Coinsauce
February 21, 2025
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Futures Market Cools Down.
• Kanye West Plans To Launch His Own Crypto Token.
📕Educational :
• Why has this cycle felt different?
Lets dive in.
📅 Today
Market Shifts To Neutral!
Futures markets are cooling alongside spot markets, with a sharp drop in open interest (OI) across all major assets. Over the last 30 days:
BTC OI: -11.1%
ETH OI: -23.8%
SOL OI: -6.2%
Memecoins OI: -52.1%
Funding rates confirm this shift. BTC & ETH remain slightly positive, but SOL has edged lower, trading negative. Negative memecoins' funding rates signal dominant short positioning and an unwind of excessive leverage in riskier assets.
Overall, this leverage flush is healthy for the market, removing the unwanted froth accumulated over the past few months.
Source : Glassnode
Kanye Has Entered The Chat!
American rapper Kanye West plans to launch his memecoin YZY, - Coindesk reports.
Tokenomics are expected to be as follows :
70% reserved for Kanye
10% for liquidity supply
20% for investors.
The tokenomics clearly favor insiders and the team, with little to no allocation for the community.
Historically, nearly all celeb-coins such as $MOTHER, $TRUMP, $MELANIA etc have gone down to almost zero, so we at Coinsauce would advise readers to stay away from such tokens.
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🌎 Other News
📕 Educational
Unlike previous cycles, almost all of the good price action in this one has been made in very short bursts.
To demonstrate this, I've taken what Bitcoin would have looked like without any of the short expansion bursts which is shown on the bottom. Almost completely sideways the entire cycle!
Even though we've spent about 6 months of our 2+ years since the bull market expanding, only about a month of that included nearly all of the good price action.
So, you've spent about 96% of this cycle waiting on the other 4% which includes all the big green candles.
Only the patient survives to see the good stuff.
Source : CryptoCon
📊 Stat of the day
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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