Yzy Money, a Solana -headed memory linked to Ye (previously Kanye West)He debuted earlier on Thursday with scoring profits and an equally acute controversy.
Yea’s X account posted on the Token in the early Asian hours on Thursday, which raises immediate concerns about being a compromised account. Later he published a video that shows that you speak and confirm the broadcast. (It is not clear if it is the real Ye or a generation of AI).
The Token briefly touched $ 3.16 in the early negotiation, an increase of almost 6,800% of its issuance price, with some trackers stating that it briefly ordered a market capitalization of $ 3 billion.
Behind the frenzy is supposedly the broader and zyzy ecosystem, which Ye’s team has presented as a Token Yzy, a transaction processor and a Yzy card for YZY and USDC global expenses.
The Yzy structure was first revealed by Coindesk in February, which reported that 70% of the offer would go directly to and personally, with 10% liquidity and 20% for public sale.
At that time, experts said they had initially demanded an 80%participation, the same allocation structure linked to the Trump tab of Donald Trump, before being negotiated. The project has also transported heavy luggage from the beginning. He had previously stated that “the coins take advantage of fans with advertising” before going back and approve Yzy.
The sources told Coindesk that the Token was destined to imitate Trump’s success, even when Argentina was torn by a similar scandal when the Libra currency of President Javier Milei collapsed like a bomb and lounge.
Critics then marked, and now, that such privileged information distributions risk directly to retail buyers, especially when combined with a single -side liquidity group.
The token distribution shows 20% assigned to the public, 10% to liquidity and 70% to Yeezy Investments LLC, blocked for 24 months under a structured award agreement through the Jupiter block.
To avoid Bot manipulation, 25 contract directions were initially implemented, with only a random selected as the official token. This anti-siping configuration 1 in 25 was announced as a fairer launch, but the data in the chain suggest that experts still had early access.
Analytics has Lookonchain identified the 6MNWV8 wallet as knowing the address of the contract in advance. The wallet even tried to buy Yzy before launch. Once live, he spent 450,611 USDC to acquire 1.29 million tokens at approximately $ 0.35 each. He later sold 1,04 million Yzy for 1.39 million USDC, leaving 249,907 tokens worth approximately $ 600,000, reserving a gain of more than $ 1.5 million.
“Insider Wallet 6MNWV8 knew the address of the contract in advance and even tried to buy yesterday,” Lookonchain wrote in X.
Ochain’s lens marked an even larger whale that invested 12,170 sun (around $ 2.28 million) for 2.67 million Yzy. Current holdings are valued at $ 8.29 million, an unrealized gain of approximately $ 6 million.
Only Yzy chips were sown in the liquidity pool, without matching the USDC. This single side configuration allows developers or large holders to add and eliminate liquidity in a way that effectively allow them to remove themselves, a structure similar to the controversial token of Libra.
“Only $ yzy were added to the liquidity group without $ USDC. DEV can sell $ Yzy adding/eliminating liquidity, similar to $ Libra,” Lookonchain said.
Quick exaggeration and gains show how much speculation still drives the memecutes of Solana.
Meanwhile, Yzy has already passed to almost $ 1, with some early buyers receiving great successes.
The data in the chain shows that the 6ZFNRH wallet spent 1.55 million USDC to buy 996,453 Yzy at $ 1.56, only to sell at $ 1.06 for 1.05 million USDC, reserving a loss of almost $ 500,000 in less than two hours.
Read more: Ye, self -proclaimed ‘Nazi’ who said ‘Coins prejected from fans’, plans Yzy Token
