Hayden Davis Reportedly Snipes Kanye West’s YZY Token, Raking in $12M Profit Windfall

Crypto whiz Hayden Davis just pulled off one of the year's most audacious trades—front-running Kanye West's YZY token launch to pocket a cool $12 million.

The snipe heard 'round crypto

Davis allegedly identified the token contract before public release, executing precision buys at basement prices. When Ye's army of fans finally piled in, he cashed out at peak euphoria—classic pump-and-dump, but with celebrity sauce.

Zero regulatory roadblocks

No SEC halts, no freeze orders—just pure decentralized carnage. While traditional markets wrestle with paperwork, crypto's wild west lets savvy traders bypass every safeguard. Some call it genius; others call it daylight robbery with extra steps.

Another day, another DeFi heist—only this time, it's wearing a billionaire's branding. Wall Street still needs a permission slip to use the bathroom; crypto out here making millions before breakfast. Maybe regulation is just a suggestion after all.

Controversial launch followed by price colapse

YZY’s controversial launch saw trading activity drive its market capitalization NEAR $3 billion before collapsing within hours.

The token initially attracted rapid inflows, pushing its fully diluted valuation into multibillion-dollar territory before prices retreated more than 90%, leaving its capitalization closer to $137 million.

Independent analysis from Conor Grogan estimated that 94% of the initial supply was controlled by insiders, including a single multisig wallet that held 87% of tokens before dispersing.

The YZY pool featured a 1% base fee with dynamic adjustments reaching 2.68%, combined with wider bin steps introducing additional 4-5% slippage, creating estimated 10% round-trip costs for traders.

YZY is down 82% from its all-time high of $3.1633 and was trading at $0.5670 as of press time.