According to the company Blockchain Bubblep Bubblep Bubblemaps, more than 70% of the merchants who joined the blockchain analysis firm, based in Solana, found themselves in red.
The main dishes to remember:
- More than 73% of Yzy tokens holders have lost money, with $ 74.8 million in collective losses.
- Almost 30% of the total profits went to only 11 wallets, which has shown concerns about the initiate’s offense.
- Bubblemaps reported shooter and manipulation tactics, while West then denied participation.
Of the 70 2017 portfolios that exchanged the Yzy token, 51,862, or 73.8%, recorded losses, totaling nearly $ 74.8 million, the platform revealed in an article on Wednesday on X.
Over 1,000 wallets have lost more than $ 10,000 each.
Few Yzy merchants took advantage of concentrated gains in the upper wallets
On the other hand, only 18,333 portfolios have seen benefits, but the gains were distributed unevenly.
Most of the beneficiary portfolios have made less than $ 1,000, while 11 portfolio addresses have succeeded at only 30% of total profits, which amounted to $ 66.6 million in all winning portfolios.
Yzy, abbreviation of Yeezy Money, was launched last Wednesday with a strong promotion on the official West website and social canals.
Combined as a way to put users in control of their finances, the token quickly lost steam. In the hours following the launch, Yzy’s price crashed almost 70%, arousing accusations of manipulation.
Bubblemaps highlighted the suspicious activity, including the shooting, a tactic where the bots acquire large parts of the supply of a token a few seconds after the launch.
A portfolio identified as belonging to a trader known as “Naseem”, previously linked to the profits of Trump’s DJT, was reported as Yzy’s first investor.
Hayden Davis, another key figure named by Bubblemaps, was Hayden Davis, a series participant in high -level tokens launches.
Davis would have won $ 12 million Sniping Yzy. He had already been involved with Balance and other pieces which collapsed shortly after the release.
“The Playbook is simple: infiltrating large launches, enter early and extracting millions,” wrote Bubblemaps in an article on X. “This happens in sight, and nobody stops it.”
In particular, West had previously moved away from the memecoin trend, saying that such tokens “the prey of fans in the media”.
Kanye West denies his participation in Yzy Token, quotes a hacked account
Wednesday, West denied participation in the same on the theme of Yzy, declaring that his Instagram account had been compromised.
The complaint was published on West’s X (formerly known as Twitter) on August 26, in which he wrote: “My Instagram was hacked and he follows a false piece … The official project is @yzy_mny.”
He then promoted a different project, accompanied by a new Solana portfolio address.
No other details were provided on how the alleged compromise occurred or which may have been the source of the initial launch.
The situation adds to an increasing number of cryptographic controversies linked to celebrities in 2024 and 2025, raising in progress questions about how the same is launched, approved and sold on platforms with limited surveillance.
Meanwhile, the West Yzy token seems to have established the fastest collapse record, losing 90% of its value in a single day, despite a market capitalization of $ 3 billion.
The 74% position of Kanye West’s Yzye investors have lost money, Bubblemaps revealed first on Cryptonews.
