YZY Token Crash: Insider Profits Amid Retail Losses
The YZY memecoin, launched by Kanye West on August 21, 2025, briefly reached a $3.2 billion market cap before crashing 85% to $0.66 within 24 hours, settling at a $700 million valuation by August 22, 2025. Billed as the foundation for YZY Money, YE Pay, and YE Card, the token’s rapid fall has raised alarms. Lookonchain data shows a wallet tied to West transferred 30 million YZY tokens ($34 million) to a liquidity pool at prices between $3.17 and $4.49, suggesting insiders profited during the peak. Nansen reports Yeezy Investments LLC holds 70% of the supply, with vesting schedules locking tokens for up to 12 months, while public and liquidity pools hold just 13.3%. X users have voiced betrayal, accusing West of orchestrating a pump-and-dump, echoing failures like LIBRA and TRUMP, as retail investors report significant financial losses
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