Kanye Issues Coin YZY: A National Celebration or Just Another Wave of Harvest?

Bitcoin, Ethereum, and XRP are dancing up and down, while Kanye is doing something new: on August 21, he personally announced the issuance of the meme coin YZY Money on Twitter, claiming to create a "new economy and build an on-chain system." The project includes the YZY token, Ye Pay payment device, and YZY card for global card consumption.

Overnight Surge: A Feast of Traffic

YZY exploded right after its launch—its market value skyrocketed from zero to approximately $3 billion to $3.2 billion, an increase of nearly 800%! In just a few minutes, it became the center of public opinion.

Danger Signals: High Control and Flash Crash Cleanout

Data shows that YZY's tokens are highly centralized: 70% of the total issuance is controlled by Kanye or his investment entities, only 20% is available to the public, and 10% was injected into the liquidity pool, leading to a quick flash crash to a $100 million market value. Early investors made significant profits and subsequently sold off, causing some people's "million-dollar gains to instantly turn into losses."

The Dual Nature of the Meme Coin New Era: Buzz and Risks Coexist

YZY's explosive popularity largely stems from Kanye's celebrity influence, much like the Trump meme coin. These types of projects have significant speculative potential, but the risks behind them are even higher: from centralized control and liquidity manipulation to a lack of long-term application value. Once the excitement cools, the market could quickly crash.

Summary Reminder:

This wave of YZY is impressive yet dangerous: celebrity endorsement grabs attention, but it could be a new method of "sucking money from fans." Ordinary investors must remain rational and not take the hot speculation mindset to participate. Want to get involved? Be sure to set your own limits—only play with what you understand and can afford, rather than being swept away by marketing.

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