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Kanye West’s YZY has pulled a fast one on thousands of holders after a more than 70% crash.

Upon its launch, the YZY price reached as high as $3.163, making a few insiders millionaires.

It has now retraced to $0.6966, according to CoinMarketCap data.

Kanye West-listed YZY has successfully made millionaires out of the owners of 13 wallets, while leaving many other holders high and dry, according to Nansen.

Only four days old, but this meme coin is already flipping the script on finance. Meanwhile, the broader cryptocurrency market remains faced with a downtrend, placing the price of Bitcoin (BTC) at around $113,000.

Is Kanye West Caught in Another Celeb Pump and Dump?

YZY, which is the native token for Ye Pay, was launched by American rapper Kanye West on August 18.

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