YZY insiders cash in while 51K traders lose $75M

When Kanye West unveiled his YZY token on August 20, hype surged across the Solana ￰0￱ of fans and traders piled in, hoping to ride the momentum of a celebrity-backed ￰1￱ within hours, the excitement turned into a painful reality for ￰2￱ to blockchain analytics firm Bubblemaps, a few days after launch, updated data show that out of more than 70,000 wallets that traded YZY , nearly three-quarters ended up in the red. That’s over 51,000 wallets collectively losing around $74.8 million. Meanwhile, a handful of early movers walked away with staggering profits; just 11 wallets pocketed over $1 ￰3￱ of earnings of YZY trading data.