PANews reported on February 8 that rapper Kanye West said in a post on X that he would not issue any cryptocurrency and criticized "coins" as a tool to exploit fans for hype. He emphasized that he only focuses on products that he truly loves and said that he is "too rich to do anything else." Ye also compared cryptocurrency to the overhyped sneaker culture and questioned "where are those once popular FTPs (Full Tilt Poker or other hyped products) now."