CoinVoice has learned that Lookonchain posted on social media stating that although Kanye West officially announced the launch of YZY, currently only YZY has been added to the liquidity pool, with no USDC. Developers can sell YZY by adding/removing liquidity, similar to LIBRA.
Multiple insider wallets had funds prepared in advance and immediately bought YZY after the announcement was made. The insider wallet 6MNWV8 knew the contract address in advance and even attempted to purchase it yesterday.
6MNWV8 spent 450,611 USDC today to purchase 1.29 million YZY at a price of $0.35, and sold 1.04 million YZY for $1.39 million, leaving 249,907 YZY (approximately $600,000), with profits exceeding $1.5 million. [Original link]
