The great lesson of Kanye West's token: More head 🧠, less heart 🫀

The crypto world witnessed an astounding event with YZY, Kanye West's token.

📈 The token skyrocketed to reach a market cap of $3 billion, driven by the frenzy of its name and the FOMO effect. It seemed poised to become a serious competitor to memecoins, even attracting the attention of traditional media.

💥 However, within hours, everything collapsed. The value of YZY plummeted by 95%, revealing one of the largest manipulations in the history of memecoins. What happened? Chain analysis showed that 94% of the tokens were in the hands of a few, allowing them to liquidate their positions and orchestrate a massive "pump and dump." This left thousands of retail investors with huge losses.

💎 This case is a clear example of what "celebritycoins" are, tokens that rely on the influence of a public figure and exploit the euphoria of their followers. The lesson is clear and painful: the world of cryptocurrencies requires rationality, not emotionality.

We often fail in financial education. This episode reminds us of the importance of researching, being cautious, and not getting carried away by the emotion of the moment.

I hope you were not one of those affected who lost money with this farce. If so, I wish you have learned a great lesson in financial education: INVESTMENTS ARE SERIOUS BUSINESS.

Thank you for making it this far, greetings from High Vibe.

🧧Only 100 🧧Only 100 🧧