Kanye West shook the crypto market with the launch of his YZY token on Solana, which briefly hit a billion dollar valuation within 40 minutes before sliding.
The apparent celebrity-backed token surged thousands of percent at launch, but on-chain data points to concentrated control, insider trades and a liquidity design that leaves retail investors exposed.
Ye's YZY meme coin, launched on Solana, quickly soared to a $3 billion market cap. However, insider trading and centralization concerns surround the project.
The post Kanye West’s YZY Coin Launch Turns Heads—But Are Insiders Pulling the Strings?...
A Solana whale just torched $712K in four hours. He aped into @Solana’s newest memecoin, $YZY, with $768K. The chart ripped. Market cap touched $134M (CMC) before crashing. By the time he rage-sold, his stack was worth just $56K. The wipeout lit...
