Bubblemaps latest on-chain analysis reveals: before the official launch of the YZY token, some addresses exhibited abnormal fund flows. Investigations show that multiple addresses withdrew funds from centralized exchanges (CEX) a day before the token launch and formed associated clusters, suspected of coordinating to target the token release.

These addresses have been traced to have various on-chain associations with Kelsier, including fund transfers, CCTP cross-chain transactions, and shared deposit addresses. Although it has not yet been confirmed whether they obtained insider information or are directly related to the $YZY team, data indicates that these 14 targeting addresses synchronized their positions just one minute after the announcement was released, ultimately realizing about $12 million in profit.

It is worth noting that Kelsier has previously appeared multiple times in early trading activities of popular tokens such as MELANIA and LIBRA, indicating that he may continue to engage in similar operations. Such behavior not only raises market concerns about information fairness but also reflects the possibility of undisclosed information advantages during the launch of new tokens.

This investigation was conducted jointly by Bubblemaps and well-known analyst @RepeatAfterVee. The team stated that they will continue to follow up and publish updates. In the rapidly changing context of the cryptocurrency market, Bubblemaps leverages on-chain visualization and data analysis capabilities to provide the community with important tools to identify potential manipulation and insider trading, enhancing market transparency and assisting traders in making clearer judgments. @Bubblemaps.io #Bubblemaps $BMT