The Solana-based memecoin YZY, promoted by Kanye West (Ye), posted one of the most volatile debuts of the year, rocketing to a multi-billion-dollar valuation within minutes before retracing as on-chain sleuths flagged insider activity and a contentious liquidity setup. In an X post on Thursday, West shared the contract address and framed “YZY MONEY” as “A NEW ECONOMY, BUILT ON CHAIN,” helping propel the token to roughly $3 billion in market value within about 40 minutes, before sliding sharply lower later in the session.

YZY Faces Insider Trading Claims On Solana

Early trading immediately drew scrutiny. Analytics account Lookonchain alleged that “Only YZY was added to the liquidity pool with no USDC. Dev may sell YZY by adding/removing liquidity, similar to LIBRA ,” a single-sided

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