- Kanye West’s $YZY token hit $3B in minutes then crashed 75%, showing the extreme risks of hype-driven celebrity tokens.
- Over 62,000 wallets traded $YZY, with millions won and lost, highlighting the sharp divide between early winners and losers.
- Meteora topped Solana DEX volumes with $1.18B thanks to $YZY, proving how celebrity tokens can shake up entire ecosystems.
Kanye West’s new token, $YZY, has shaken the Solana ecosystem with extreme trading volumes and rapid price volatility. Within hours of its launch, the token skyrocketed to a $3 billion market cap before plunging by more than 75%.
The launch immediately captured market attention, driving record volumes on Solana-based DEX Meteora, which surpassed Raydium with $1.183 billion traded in 24 hours. At the same time, Meteora collected $16.09 million in fees, ranking just behind Tether in daily fee generation.
Volatility Defines $YZY’s Market Entry
The first trading day of $YZY was marked by massive swings and rapid wealth shifts among holders. According to Nansen, the top 500 wallets recorded $50.4 million in realized profits against $21.4 million in losses. The highest single profit reached $3 million, while the largest loss stood at $1.3 million.
Besides, unrealized positions show further polarization. The biggest open profit equals $164,000, while the top unrealized loss already exceeds $561,000. These figures highlight how quickly capital moved and how speculative the token has become. Additionally, the token pool itself generated $10 million in total earnings, distributed among early participants.
Moreover, interest extended across the retail base, with over 62,465 wallets engaging in at least one $YZY transaction. Of these, 9,413 wallets made gains above $10, while 15,999 wallets reported losses of at least $10. Consequently, the divide between winners and losers remains stark, reflecting the risky nature of celebrity-driven tokens.
Comparing $YZY With Other Celebrity Tokens
While $YZY’s debut was dramatic, its scale trails that of $TRUMP. Kanye’s token managed $724 million in early trades, while $TRUMP reached $29.5 billion in 24 hours. Hence, despite the hype, $YZY still falls short in liquidity and exposure. However, it remains in its infancy, leaving room for potential growth.
Nansen continues tracking $YZY through dashboards and its AI Research Agent, enabling real-time monitoring. Furthermore, high-profile holders like KING, 0xRiver, and Alex Masmej fuel ongoing community discussions.
Kanye’s $YZY shows how blockchain, fame, and speculation collide to create billion-dollar hype cycles. However, extreme volatility demands investor caution.
