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The Solana-based memecoin YZY, promoted by Kanye West (Ye), posted one of the most volatile debuts of the year, rocketing to a multi-billion-dollar valuation within minutes before retracing as on-chain sleuths flagged insider activity and a contentious liquidity setup. In an X post on Thursday, West shared the contract address and framed “YZY MONEY” as “A NEW ECONOMY, BUILT ON CHAIN,” helping propel the token to roughly $3 billion in market value within about 40 minutes, before sliding sharply lower later in the session.
YZY Faces Insider Trading Claims On Solana
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Early trading immediately drew scrutiny. Analytics account Lookonchain alleged that “Only YZY was added to the liquidity pool with no
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