Yzy Hype Machine leaves merchants who breastfeed millions in losses in Kanye West linked Token

Buy the Token Yzy apparently linked to Ye, the rapper previously known as Kanye West, ended in tears for more than 70,000 wallets, Bubblemaps, a tool for visualization of blockchain data, said in an X publication.

Memecoin’s debut based in Solana last week was part of an ecosystem plan “Yzy Money”, which included payment rails and a brand card.

The data in the chain, however, suggest that internal and early wallets, combined with thin liquidity and rapid speculation, resulted in a launch where whales extracted millions, while the crowd gave birth to almost all losses.

More than 51,800 addresses seem to have lost between $ 1 and $ 1,000, another 5,269 have dropped from $ 1,000 to $ 10,000, and 1,025 wallets show $ 10,000 to $ 100,000, according to Bubblemaps data.

In the upper part of the loss curve, 108 wallets are sitting in six -digit reduction, while three merchants lost more than $ 1 million each.

On the other side of the calculation, 11 directions reserved a gain of $ 1 million or more, only 0.015% of the total. It is estimated that 99 wallets generated more than $ 100,000, while 2,541 wallets cleared at least $ 1,000.

The crowd as a whole has dropped about $ 8.2 million, despite the fact that some experts pocket substantial victories. Then, while 18,000 wallets benefited technically, the concentration was brutal. The real money sat with the top 11, while the rest barely moved the needle.

The unequal distribution reflects the structural defects marked from the first day, as Coindesk pointed out in its previous history.

70% of the supply was assigned to Yeezy Investments LLC, blocked under Jupiter’s award system, with only 20% sold to the public and 10% used by liquidity.

The pool itself was sown with tokens and zy only without a pair of stable, a design that leaves the door open to sudden liquidity shots, not very different from the short -lived pound token promoted in Argentina in February.

Chain analysts identified wallets with early access. At the time of the issuance, the 6MNWV8 address spent 450,611 USDC for 1.29 million Yzy at $ 0.35, turned 1.04 million tokens for 1.39 million USDC, and still has approximately 249,907 Yzy for approximately $ 600,000 to obtain a rapid profit of $ 1.5 million.

Until Thursday, Yzy market capitalization has been deflated to $ 544.9 million with $ 42.7 million in liquidity and 26,590 headlines, lowering abruptly from the initial frenzy that saw briefly promoted value of up to $ 3 billion.

The daily volume has decreased to $ 1.8 million, as shown in Dextools data, a fraction of early activity.

Yzy’s performance closely reflects that of many celebrity -based memecoras, where the possibility of achieving profits that change life is effectively zero unless you were already inside.

COINDESK has contacted Ye by email to comment.