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Cash insider in millions as rapper ‘seemingly’ issued solana-based yzy token


Yzy Money, a Memecoin based in Solana linked to Ye (Dating Kanye West)—ebut earlier on Thursday with blistering acquired and an equally sharp controversy.

YE’s X account posted about the token in early Asian on Thursday, raising immediate concerns about being a compromised account. It eventually posted a video showing your conversation and confirmation of the release (It is unclear if this is the real ye or a generation of AI).

(CoinDesk data)

(CoinDesk data)

The token briefly touched $ 3.16 in early trading – a flow of about 6,800% from its issue price – along with some trackers claiming it briefly ordered a $ 3 billion market cover.

Behind the frenzy to sit in the wider yzy ecosystem, which YE’s team built as a yzy token, a pay processor for transactions, and a yzy card for global Yzy and USDC spending.

Yzy’s structure is CoinDesk first disclosed in February.

At this time, the insider people said you were first requested by an 80% stake – the same allocation structure tied to Donald Trump’s Trump token – before agreed. The project also brought heavy baggage from the beginning. YE had previously announced that the “coin victim to fans with hype” before Yzy’s backtrack and approved.

Resources told CoinDesk that the token was meant to mimic Trump’s victory, even though Argentina was rolled by a similar scandal when President Javier Milei endorsed the Libra coin that collapsed as a pump-and-dump.

Critics have flagged back then-and now-that such insider-heavy shares have been rising at risk of retail consumers, especially when paired with a single sided of liquidity.

The token distribution shows 20% allocated to the public, 10% of liquidity, and 70% in Yeezy LLC investments, locked within 24 months under a structured vesting by Jupiter Lock.

To prevent BOT-driven manipulation, 25 contract addresses were first deployed, with a random selected only as an official token. That 1-in-25 anti-sniping setup is charged as a fair launch-but on-chain data suggests insider still have initial access.

The Analytics account identified Wallet 6MNWV8 as the contract address in advance. The purse even tried to buy Yzy before launch. When living, it spends 450,611 USDCs to get 1.29 million tokens at about $ 0.35 each. It later sold 1.04 million Yzy for 1.39 million USDC, leaving 249,907 tokens worth about $ 600,000 – booked revenue of over $ 1.5 million.

“Insider Wallet 6MNWV8 knows the address of the contract in advance and even tried to buy yesterday,” Lookonchain wrote to X.

The Onchain Lens has set up a larger whale invested 12,170 Sol (about $ 2.28 million) for 2.67 million yzy. Current handling costs $ 8.29 million – an undeniable benefit of nearly $ 6 million.

Only the yzy tokens were inserted into the pool pool, without pairing against the USDC. The setup of that single side allows developers or large holders to add and remove liquidity in ways that effectively let them cash out, a structure similar to the controversial Libra token.

“Only $ yzy was added to the pool pool without $ USDC. Dev can sell $ yzy by adding/removing liquidity, similar to $ Libra,” Lookonchain said.

Hype and fast gains show how much speculation -still pushing solana’s memecoins.

Meanwhile, Yzy has slipped for about $ 1, with some early buyers taking heavy hits.

On-chain data shows Wallet 6zFNRH spent 1.55 million USDC to buy 996,453 yzy at $ 1.56, only for sale at $ 1.06 for 1.05 million USDC-book loss of nearly $ 500,000 under two hours.

Read more: Ye, self -expressed ‘Nazi’ who said ‘coin victim to fans,’ Yzy token plans



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