$YZY launch by kanyewest, but do you know what is going on behind the scenes?
→ @kanyewest added only $YZY to liquidity, no $USDC, so price manipulation possible, no doubt.
→ Insider wallets tried to capitalize, but some bought the wrong token and lost $710K.
→ Knowing the contract isn’t enough, sometimes timing and verification matter.
→ 40 minutes later, buying the real YZY turned the loss into profit.
→ On the other side, big players can get burned in volatile token launch.
→ Whale 6ZFnRH spent 1.55M $USDC to buy 996,453 $YZY at $1.56. Sold for 1.05M $USDC at $1.06 then $500K loss in under 2 hours.
→ This is a huge loss for a big whale. Whale just paid half a million for the early access experience.
The rug is quick :D Beautiful
Let's buy high and sell low for quick loss type shii, whale pain hits hard today 😂