Key Notes

High-profile traders, including Andrew Tate, faced major losses, while insider-linked wallets reportedly made millions with YZY meme coin.

Blockchain analysis flagged recurring insider activity, with figures tied to previous scandals profiting from YZY’s launch.

Celebrity-endorsed tokens launched over the past year have frequently experienced pump-and-dump schemes.

Within a week of Kanye West launching his YZY meme coin on Solana SOL $212.7 24h volatility: 3.9% Market cap: $115.01 B Vol. 24h: $13.80 B blockchain, over 51,000 traders have lost a total of $74 million.

This marks another pump-and-dump involving celebrity tokens, trapping retail investors.

Kanye West’s YZY Meme Coin Traps Several Traders

The Kanye West-associated YZY token debute

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