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BTCC / BTCC Square / Global Cryptocurrency /
Ye’s YZY Token Plunges Amid Insider Selling Controversy

Ye’s YZY Token Plunges Amid Insider Selling Controversy

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-08-21 15:04:03
0
BTCCSquare news:

Kanye West's memecoin YZY (YZY) collapsed from a $3 billion market cap to $300 million within hours of its launch on August 21. The crash followed allegations of insider trading, with early investors dumping tokens immediately after launch.

Data reveals a stark imbalance: 9,413 wallets profited over $10, while 15,999 suffered losses exceeding $10. Retail traders bore the brunt as whales cashed out. The controversy deepened when Ye claimed he'd been offered $2 million to promote a fraudulent crypto project prior to YZY's launch.

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