🔥 $YZY – memecoin Kanye West experienced a spectacular crash
The new token YZY (Yeezy Money) launched with a bang – in just a few minutes its capitalization skyrocketed to $3 billion. Unfortunately, just as quickly the price collapsed, losing over 80% of its value since debut.
📉 Currently, $YZY continues to decline – from a level of $3.16 it has fallen to $0.65, and the market capitalization has shrunk to $665.12 million. There is still debate about whether this is merely a sharp correction after an euphoric start or a signal of deeper issues with the project.
⚠️ Adding fuel to the fire are allegations of insider trading – analysts indicate that as much as 94% of the supply may have been seized by a handful of wallets, with one multisig controlling as much as 87% of the tokens.
👉 The story of $YZY is an example of how risky celebrity memecoins are – they can provide quick profits but can also wipe out your wallet even faster.
And how do you approach such projects❓
💭 Do you steer clear of them or do you let yourself be tempted by the vision of easy profits?
PS. Admit it – who here has already managed to lose?
The new token YZY (Yeezy Money) launched with a bang – in just a few minutes its capitalization skyrocketed to $3 billion. Unfortunately, just as quickly the price collapsed, losing over 80% of its value since debut.
📉 Currently, $YZY continues to decline – from a level of $3.16 it has fallen to $0.65, and the market capitalization has shrunk to $665.12 million. There is still debate about whether this is merely a sharp correction after an euphoric start or a signal of deeper issues with the project.
⚠️ Adding fuel to the fire are allegations of insider trading – analysts indicate that as much as 94% of the supply may have been seized by a handful of wallets, with one multisig controlling as much as 87% of the tokens.
👉 The story of $YZY is an example of how risky celebrity memecoins are – they can provide quick profits but can also wipe out your wallet even faster.
And how do you approach such projects❓
💭 Do you steer clear of them or do you let yourself be tempted by the vision of easy profits?
PS. Admit it – who here has already managed to lose?