Kanye West has launched the $YZY token, with only $YZY added to the liquidity pool, excluding $USDC. This setup allows the developer to potentially sell $YZY by manipulating liquidity, similar to the $LIBRA token. Several insider wallets were prepared in advance and quickly purchased $YZY upon its release.
One notable insider wallet, identified as 6MNWV8, had prior knowledge of the contract address and attempted to buy the token a day before its official launch. On the launch day, 6MNWV8 spent 450,611 $USDC to acquire 1.29 million $YZY at $0.35 each. The wallet then sold 1.04 million $YZY for $1.39 million, retaining 249,907 $YZY valued at $600,000, resulting in a profit exceeding $1.5 million.
Kanye West Launches $YZY Token Amid Insider Trading Activity
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