Yzy Hype Machine leaves dealers who care for millions in losses on Kanye West-link Token

To buy the Yzy Token, which was apparently linked to YE, the rapper, formerly known as Kanye West, ended up in tears for more than 70,000 wallets, said Bubblemaps, a blockchain -Datavisualization tool, in a post on X.

The Solana-based Memecoin’s debut last week was part of a “Yzy Money” ecosystem plan that included payment rails and a branded card.

On-Kain data, however, suggests that insider and early wallets combined with thin liquidity and rapid speculation resulted in a launch where whales extracted millions, while the amount shouldered almost all the losses.

More than 51,800 addresses appear to have lost between $ 1 and $ 1,000, another 5,269 is $ 1,000 to $ 10,000, and 1,025 wallets are throwing $ 10,000 to $ 100,000, according to Bubblemaps’ data.

At the top of the loss curve are 108 wallets on six -digit features, while three dealers lost more than $ 1 million each.

On the other side of the calculation, 11 booked profit of $ 1 million or more, only 0.015% of the total amount. Estimated 99 wallets generated over $ 100,000, while 2,541 wallets cleared at least $ 1,000.

The audience as a whole is down to approx. $ 8.2 million despite some insiders that pocket significant victories. So while 18,000 wallets technically served, the concentration was brutal. The real money sat with the top 11, while the rest hardly moved the needle.

The skewed distribution reflects the structural deficiencies marked from day one that Coindesk noted in his past history.

As much as 70% of the supply was earmarked for Yeezy Investments LLC, locked under Jupiter’s Vesting system, with only 20% sold to the public and 10% used for liquidity.

The pool itself was poded with the Yzy-tokens alone without a stableco-pair-a design that leaves the door open to sudden liquidity, not contrary to the short-lived weight token promoted in Argentina in February.

On-Chain analysts identified wallets with early access. At the time of the issue, address used 6MNWV8 450,611 USDC for 1.29 million YZY for $ 0.35, flipped 1.04 million tokens to $ 1.39 million, and still owns approx. 249.907 YZY worth approx. $ 600,000 to earn a quick profit of $ 1.5 million.

As of Thursday, YZY’s market capital has emptied at $ 544.9 million with $ 42.7 million in liquidity and 26,590 holders, down sharply from the preliminary madness that briefly looked at the valuations as high as $ 3 billion.

Daily volume has dropped to $ 1.8 million, Dextools data shows, a fraction of early activity.

YZY’s performance mirrors close to many celebrity -based Memecoins, where the chance of hitting life -changing gains is effectively zero unless you were already inside the inside.

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