YZY MONEY, A SOLANA-BASED MEMECOIN ATTEMPTED TO YOU (formerly Kanye West)Debuted earlier on Thursday with blistering winnings and an equally sharp controversy.
YES X account sent about the token in the early Asian hours on Thursday and raises immediate concerns that it was a compromised account. It later sent a video showing you were talking about and confirming the issue (It is unclear whether it is the right YE or an AI Generation).
Token briefly affected $ 3.16 in the early trade – an increase of almost 6,800% from its issuing price – with some trackers who claimed that it was briefly a market capital of $ 3 billion.
Behind The Frenzy is reportedly the wider yzy ecosystem, which you is a team that has beaten like a Yzy Token, a YE wage processor for transactions and a yzy card for global spending on YZY and USDC.
YZY’s structure was first revealed by Coindesk in February, reporting that 70% of the supply would go directly to you in person with 10% for liquidity and 20% for public sales.
At that time, Insiders said you initially demanded an 80% share – the same allocation structure tied to Donald Trump’s Trump Token – before being negotiated. The project has also carried heavy luggage from the start. You had previously stated that “Coins Barn on the fans with hype” before backtracking and approval by Yzy.
Sources told Coindesk that the token was meant to emulate Trump’s success, even when Argentina was burned by a similar scandal when President Javier Mileis approved Vibra-coin collapsed as a pump-and-dump.
Critics marked then-and now-to such insider-heavy distributions tilt risk square against retail buyers, especially when paired with a single-sided liquidity pool.
The token distribution shows 20% awarded the public, 10% to liquidity and 70% to Yeezy Investments LLC, which is locked for 24 months under a structured vesting scheme via Jupiter Lock.
To prevent the bot-driven manipulation, 25 contract addresses were originally implemented, with only one randomly selected as the official token. This 1-in-25 anti-sniping setup was invoiced as a fairer launch-but data on the chain suggests that insiders still had Advance Access.
Analytics account lookonchain identified wallet 6MNWV8 as knowing the contract address in advance. The wallet even tried to buy yzy before launching. When it was live, it used $ 450,611 to acquire 1.29 million tokens of approx. $ 0.35 each. It later sold 1.04 million YZY for $ 1.39 million, leaving 249,907 tokens worth about $ 600,000 – a profit of more than $ 1.5 million.
“Insider -Tevebog 6MNWV8 Known the contract address in advance and even tried to buy yesterday,” Lookonchain wrote on X.
Onchain — lens marked an even larger whale that invested 12,170 sun (about 2.28 million dollars) For 2.67 million yzy. Current holdings are appreciated at $ 8.29 million – an unrealized gain of about $ 6 million.
Only the yzy tookens were grafted in the liquidity pool without pairing against USDC. The single-sided setup allows developers or large holders to add and remove liquidity in ways that effectively allow them to pay out a structure similar to the controversial weight token.
“Only $ YZY was added to the liquidity pool without $ USDC. Dev can sell $ yzy by adding/removing liquidity, equivalent to $ weight,” Lookonchain noted.
Hype and quick winnings show how much speculation still drives Solana’s Memecoins.
Meanwhile, Yzy is already sliding to nearly $ 1, with some early buyers taking heavy hits.
Data on the chain shows Wallet 6zfnrh spent 1.55 million USDC to buy $ 996,453 for $ 1.56, only to sell to $ 1.06 for 1.05 million USDC-there books a loss of nearly $ 500,000 in less than two hours.
Read more: YE, self -proclaimed ‘Nazi’, who said ‘Coins Prey On Fans’, planes Yzy token
