Ye’s YZY Token Plummets as Insiders Cash Out Millions in Shocking Selloff

YZY token nosedives while early backers quietly exit with massive profits—just another day in celebrity crypto.

Insider Exodus

Key stakeholders dumped millions worth of tokens during the price collapse, leaving retail investors holding the bag. The coordinated selloff triggered a cascade of liquidations across decentralized exchanges.

Market Carnage

Trading volumes exploded as panic set in, with the token shedding over 60% of its value in under 24 hours. Order books evaporated faster than a meme trader's life savings.

Regulatory Silence

No official statements from regulatory bodies yet—because when has celebrity crypto ever faced real consequences? The SEC probably hasn't even finished their morning coffee.

Celebrity tokens continue proving that the fastest way to make millions in crypto is to start with billions of followers.

YZY wallet concentration raises concerns

Still, while the whales profited, ordinary traders lost more on average. In total, there were 9,413 wallets that made more than $10 in profit, while 15,999 saw more than $10 in losses. This means that smaller holders were more likely to lose money rather than gain.

ye(@kanyewest) launched the $YZY token. Note:

Only $YZY was added to the liquidity pool with no $USDC.
Dev may sell $YZY by adding/removing liquidity, similar to $LIBRA.

Multiple insider wallets prepared funds in advance and immediately bought $YZY.

Insider wallet 6MNWV8 knew… pic.twitter.com/qv7nsx0R4J

On Friday, Kanye revealed that he was approached with an offer to promote a scam token for $2 million. Specifically, he WOULD post a link to a fake Ye crypto, which would have to stay up for 8 hours, after which he could say that his account was hacked. So far, Kanye has not claimed that he was hacked and has since deleted the post.