Kanye West's new YZY token on Solana hit a $3B market cap just 40 minutes after launch, before crashing back to about $1B. Ye promoted it as


"a new economy, built on chain," with the official site calling YZY the currency of a new financial system.
Concerns soon rose after analysts flagged insider moves. Reports showed 94% of supply was held by insiders, with one wallet holding 87% before redistributing. Onchain sleuths also noted only YZY was added to liquidity, giving developers full dumping control.
Still, whales and big traders are piling in. Some early buyers made millions, while others lost heavily by buying the wrong token. The mix of hype, controversy, and wild swings has made YZY one of the most chaotic celebrity memecoin launches yet.
WEST0.22%
YZY-3.09%
TOKEN-4.16%
SOL0.99%
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