Kanye West’s YZY Meme Coin Sends Meteora DEX Trading Volume Soaring to $1.18B

Celebrity power meets crypto chaos as Ye's latest venture triggers trading frenzy

Meteora's liquidity pools are getting a reality TV-level drama injection

The YZY token phenomenon demonstrates yet again that in crypto, clout often outweighs fundamentals—traders chasing the hype pushed volumes to staggering heights while traditional analysts scratch their heads

Another day, another meme coin proving that financial markets will always have a soft spot for celebrity endorsement over boring old value investing

Fees and Market Impact

With the notable spike in trading volume, Meteora also collected over $16 million in fees in 24 hours. That figure was second only to Tether, placing Meteora ahead of other major platforms across the wider crypto market.

The YZY token has been central to the attention with its launch bringing a surge of traders, sending record liquidity through Meteora. Some say meme tokens create quick surges while others argue the event shows Solana’s ability to attract new demand and keep users engaged.

Competition among Solana-based DEXs

Raydium’s fall from the top spot is significant as the exchange has been the backbone of Solana trading for years. Its drop shows how quickly traders shift when new tokens or incentives appear.

The bigger picture is rising competition. Solana DEXs are battling for liquidity, and tokens often decide where traders move. Also, we can see the rivalry growing as more platforms fight for users and fees.

Meteora’s trading volume rise shows the influence of meme tokens in DeFi. On Solana, HYPE can move liquidity almost overnight. For investors and developers, the question is whether the momentum lasts or fades once the YZY hype cools. As of press time, YZY token price has declined over 70% in the last 24 hours.  

Also Read: CFTC Launches Second Crypto Sprint to Implement TRUMP Plan