Kanye West’s YZY Token Crashes Over 90% Hours After Launch

HKAN | Aug 22

Rapid Rise and Brutal Fall: YZY Crashes Over 90% Post-Launch

Kanye West (Ye)'s recently launched memecoin YZY on the Solana blockchain experienced a meteoric rise, surging to a $3 billion market cap just minutes after launch, before plummeting over 90% within hours. The token's explosive volatility has reignited concerns around speculative trading and insider manipulation in celebrity crypto launches.

 

Insider Hype and Sniper Profits Amid Collapse

Despite its brief surge, retail investors were ultimately left in the lurch, while a small group of insiders and snipers walked away with massive profits. Reports indicate approximately 13 wallets extracted over $24 million, leaving others facing steep losses.

 

Why the Free Fall?

Several red flags emerged in the launch structure:

• Token Concentration: Over 94% of YZY's supply was held by insiders, with a single multisig wallet controlling a massive portion.

• Liquidity Risks: The liquidity pool lacked stablecoin pairing, allowing orchestrated dumping and accentuating price crashes.
• Manipulated Market Dynamics: Early trades suggest coordinated "sniping" behavior intended to benefit insiders.

 

A Familiar Celebrity-Coin Blueprint

The YZY launch—and its fallout—echoes previous patterns with celebrity-issued tokens: a sizzling start powered by hype, followed by a steep decline made worse by concentrated control and retail losses.

Conclusion

Kanye West’s YZY token made headlines for all the wrong reasons—soaring to sudden heights, then crashing nearly 90% in hours. The episode serves as a stark reminder: when insiders hold most of the supply and liquidity settings are questionable, retail traders are often left holding the bag. In celebrity crypto hype, proceed with extreme caution.