Barely a day after its launch, K&nye West’s YZY token has gone from a stellar debut to a textbook example of a pump & dump scheme. What started as a sensation with a multi-billion-dollar market cap ended in massive sell-offs, insider trading suspicions, and heavy investor losses.
Rocket Start and Harsh Crash
Within just 40 minutes of going live, YZY’s market capitalization skyrocketed to $3 billion. But the euphoria didn’t last long – insiders and whales quickly took profits, causing the price to collapse by two-thirds in just hours.
📉 From an all-time high of $3.16, the token plunged to $0.77, with trading volume dropping 85%. Instead of hype, frustration set in – hundreds of investors lost millions.
Suspicious Trades and Familiar Names
Analysts uncovered that the token was manipulated from the very start by people linked to previous controversial projects like LIBRA and the TRUMP token.
🔎 The very first buyer of YZY was trader Naseem, who made $100 million on TRUMP. Suspicion deepened when it was revealed that some addresses interacted with the contract even before it was officially published.
One wallet alone controlled 87% of the supply, and together insiders held as much as 94% of the tokens – fueling accusations of extreme centralization and market manipulation.
Community Reaction: “Another Celebrity Trap”
The crypto community on social media is harshly critical. Many point out this is just another repeat of the same story – celebrities cashing in while fans lose their savings.
Arthur Hayes and other well-known analysts agree: celebrity tokens are a trap. Comments like “If you’re buying these kinds of coins, you deserve to lose money” show how quickly sentiment flipped.
YZY Today: Chaos Instead of Revolution
K&nye West originally presented YZY as the backbone of an ecosystem with YePay and YZY cards, designed to challenge traditional finance. But so far, reality tells a different story – within 24 hours, the project has become a symbol of chaos, losses, and distrust.
📊 Currently, YZY’s market cap stands at about $231 million, and its next moves will be closely watched. Whether Ye can shake off the label of “another celebrity rug pull” remains a big question.
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