'Growing Up Hip Hop' Star: $4 Million Kicks for Sale!

While Kanye's slashing his prices, the competition's going up -- WAY up, as in $4 million for a single pair of sneakers, and for some reason people are lining up to buy 'em.

The shoe is called "The Fire Monkey," but it's really just Dwyane Wade's Li-Ning Way of Wade 4 ... with several hundred carats of white diamonds and sapphires strategically added!

The ridiculous baller design is a collabo between Bicion, owned by "Growing Up Hip Hop" star Egypt Criss (Pepa's daughter) and Mache Customs.

A Bicion employee posted a brief peek at a pair that's only 60% completed. Our shoe sources say that was enough for 2 potential buyers -- from the Middle East and China -- who are flying to NYC next week to see the finished product.