{"id":43363,"date":"2025-08-21T12:31:57","date_gmt":"2025-08-21T12:31:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43363"},"modified":"2025-08-21T12:31:57","modified_gmt":"2025-08-21T12:31:57","slug":"kanye-wests-yzy-meme-coin-rockets-to-3b-but-insider-concerns-cast-a-shadow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43363","title":{"rendered":"Kanye West\u2019s YZY Meme Coin Rockets to $3B, But Insider Concerns Cast a Shadow"},"content":{"rendered":"
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Yeezy money is here. It\u2019s real. Better known as \u201cYZY Meme coin,\u201d\u00a0 Kanye West, now known simply as Ye, launched his YZY token on Solana, sparking immediate frenzy.<\/p>\n

Within just 40 minutes of release, the coin\u2019s market cap ballooned to $3 billion, before tumbling back to $1.05 billion, according to Nansen data.<\/p>\n

There\u2019s only one other celebrity with that kind of MCAP for a cryptocurrency and it\u2019s TRUMP<\/a>. As big as Ye is, many are starting to believe there\u2019s no room to make money here.<\/p>\n

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(YZYUSDT<\/a>)<\/figcaption><\/figure>\n

On X, Ye promoted the token as part of \u201cYeezy Money<\/a>,\u201d which he described as:<\/p>\n

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\u201cA NEW ECONOMY, BUILT ON CHAIN,\u201d Ye wrote.<\/p>\n

\u201cThe official YZY token just dropped,\u201d he later added.<\/p>\n<\/blockquote>\n

And a new shilling campaign starts\u2026 so is YZY legit or a scam?<\/p>\n

DISCOVER: 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n

YZY Meme Coin: Allegations of Insider Trading<\/h2>\n

Despite the hype, on-chain analysts quickly raised red flags. Coinbase director Conor Grogan said that insiders held 94% of the supply, with one wallet initially controlling 87% before dispersal. Lookonchain reported that liquidity was structured in a way that gave developers outsized control over sales.<\/p>\n

Conor Grogan: \u201cAt least 94% of the supply was insider-held.\u201d<\/p>\n

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(X)<\/figcaption><\/figure>\n

Some insiders made millions in profit. One trader spent $24,000 in Solana priority fees to secure $3.4 million gains, while another pocketed $6 million at peak. Others weren\u2019t as lucky\u2014one user lost $710,000 after buying the wrong contract before recovering on the correct one.<\/p>\n

DISCOVER:\u00a0<\/span>Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n

Is This Giving Anyone End-of-Bullrun Vibes?<\/h2>\n

High-profile traders didn\u2019t shy away. Leveraged trader James Wynn <\/a>said he aped into YZY, comparing it to Trump\u2019s $TRUMP memecoin:<\/p>\n

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\u201cAped $YZY on a 60% pull back. $TRUMP ran from $4bn to $15bn in 28 hours. 4x,\u201d Wynn said.<\/p>\n<\/blockquote>\n

BitMEX co-founder Arthur Hayes also appeared to join in, underscoring the appetite for celebrity tokens despite risks.<\/p>\n

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(X<\/a>)<\/figcaption><\/figure>\n

Only Down From Here. BTC Back to 105k<\/h2>\n

After Trump launched his meme coin in January, Bitcoin slid dramatically. Could we see something similar here?<\/p>\n

YZY\u2019s debut stormed into the top five fastest tokens to hit a $1B market cap this year, only to collapse just as quickly, echoing that traders are drunk on gambling right now. YZY could be the canary in the coal mine.<\/p>\n

EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive<\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

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Key Takeaways<\/h2>\n