YZY Money, a Solana-based memecoin linked to rapper Ye (formerly Kanye West), launched recently with dramatic gains but quickly faced accusations of insider trading possibilities. The token’s price soared by approximately 6,800% at launch, peaking around $3.16 and briefly reaching a $3 billion market cap. However, concerns arose regarding the fairness of its launch due to significant allocations of YZY tokens, with 70% directed to Ye’s personal holdings and only 20% available for public sale. Reports indicated that key insiders capitalized on advance access, with one wallet reportedly making over $1.5 million in profit shortly after the token’s debut. After the initial frenzy, the token’s value fell sharply, affecting retail investors who entered during the hype. This incident highlights ongoing issues within the Solana memecoin landscape, where risks can disproportionately impact retail participants.

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