Kanye West’s YZY Memecoin Faces Insider Dumping Allegations

Memecoin YZY by Kanye West has attracted more controversy than investors, as per data from Nansen. In total, 13 wallets have successfully made more than a million dollars by trading this coin.

Kanye’s memecoin, YZY, debuted on the Solana chain on August 21, gaining initial traction, and its market capitalization reached the $3 billion mark in under an hour.

Imikasi 13 y'ububiko yisanzuye yinjije miliyoni 24,5$ yakuyeho token ubwo yageraga hafi ya 3$, ikaba yerekana izamuka rya 1,400%. Nansen kandi yibutsa ko token YZY yageze ku gipimo cya 3$ mu isaha imwe nyuma yo gushyirwa ku isoko kandi yatangiye gukurwaho vuba nyuma.

Nk'uko byanditswe, YZY iragurishwa ku $0.7734 kandi yabuze 35.33% by'igiciro cyayo mu masaha 24 ashize. Mugihe kimwe, umubare w'ubucuruzi ni $102.78 miliyoni, nabyo byaragabanutseho 84.8%.

Insider booked a huge profit in the YZY token

The launch of Kanye’s has attracted controversies as market watchers argued insider trading and snipers, available data set notes that out of 1st 99 addresses that bought the YZY coin, only 9 hold as of now.

Nansen data notes that the biggest loser is the one who realized a loss of $1.8 million, with one other wallet that mirrored a loss of $1.2 million.

Data from Solscan(dot)io states that ‘AHYBvi…..F1r7pd’ holds 270,000,000, followed by ‘2vHDec…..jn1TC3’, which holds 18% of the total supply of YZY coin, ‘FYD4ET…….gE1dep’ holds 180,000,000, ‘FZF6JE……..WMeEBW’ having 170,000,000 YZY tokens.

Source: Solscan

It is worth noting that an address ‘HV1KX………….PK7,’ has transferred 101,092.183319 YZY coin to Meteora Market, a reported OTC deal, 5PjQC9vsm………2KV has transferred YZY coin worth $88,879.25 to ‘HV1KXxWFas…..P7K.’

There are currently 32,097 YZY holders as per SolScan, yet data from Dune Analytics notes that 56,000 wallets have interacted with this memecoin to date.

Bubblemaps said in its X post dated August 22, 2025, that it has identified the first buyer of YZY and said it is the same one who made $100 million at the time of the $TRUMP launch.

BREAKING: we have found the identity of the FIRST buyer of $YZYIt’s the same trader who made $100M on $TRUMPExpert sniper or insider? pic.twitter.com/e9oJL2t7jK

— Bubblemaps (@bubblemaps) August 21, 2025

Source: Bubblemaps (X account)

YZY was created on August 17, and all early transactions that followed were from team wallets. The 1st real purchase was made on August 21 when wallet ‘AwY1VTM……HJh bought $250k of YZY memecoins.

In the following post, Bubblemaps said we’ve found strong on-chain links between AwY1V and wallets previously linked to Naseem and addresses that sniped both Libra and Trump.

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