{"id":9269,"date":"2025-08-29T16:23:16","date_gmt":"2025-08-29T16:23:16","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kanye-wests-yzy-memecoin-plunges-81-from-peak-leaving-over-50k-traders-in-the-red\/"},"modified":"2025-08-29T16:23:19","modified_gmt":"2025-08-29T16:23:19","slug":"kanye-wests-yzy-memecoin-plunges-81-from-peak-leaving-over-50k-traders-in-the-red","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kanye-wests-yzy-memecoin-plunges-81-from-peak-leaving-over-50k-traders-in-the-red\/","title":{"rendered":"Kanye West\u2019s YZY memecoin plunges\u00a0 81% from peak leaving over 50K traders in the red"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Kanye West\u2019s YZY memecoin has shed 81% of its value from its peak, leaving tens of thousands of retail investors underwater while a handful of wallets captured outsized gains.<\/p>\n<div id=\"cn-block-summary-block_585419edc8de6859f581e460f27ecdac\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>YZY has plunged 81% from its peak, now trading at $0.55 with a $71.6M market cap.<\/li>\n<li>Bubblemaps data shows over 50,000 wallets lost money, while only 11 wallets earned $1M+.<\/li>\n<li>The crash highlights concentration of profits among a few insiders and widespread retail losses.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>YZY (YZY), launched on Solana (SOL) on Aug. 21 as part of West\u2019s \u201cYeezy Money\u201d ecosystem, was trading at $0.5508 at press time, down 1% in the past day and 52% in the past week. The token is now well below its Aug. 21 all-time high of $2.95, when its market cap briefly topped $3 billion.<\/p>\n<p>YZY\u2019s market capitalization has fallen to $71.6 million, with daily trading volume rising 9% to $36.6 million, indicating a surge in speculative activity despite the drawdown.<\/p>\n<h2 class=\"wp-block-heading\">YZY memecoin wallet analysis: few winners, many losers<\/h2>\n<p>Fresh data <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/bubblemaps\/status\/1960760218989813905?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\">shared<\/a> by the analytics platform Bubblemaps on Aug. 28 shows the scale of the fallout. Out of more than 70,000 wallets that bought into YZY, 51,862 lost between $1 and $1,000, while 5,269 lost $1,000 to $10,000. Another 1,025 wallets were down $10,000 to $100,000, 108 wallets lost $100,000 to $1 million, and 3 wallets were hit with losses exceeding $1 million.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The updated <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24YZY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$YZY<\/a> numbers are worse than we thought<\/p>\n<p>70,000+ total traders<\/p>\n<p>&gt; 51,862 lost $1\u2013$1k<br \/>&gt; 5,269 lost $1k\u2013$10k<br \/>&gt; 1,025 lost $10k\u2013$100k<br \/>&gt; 108 lost $100k\u2013$1M<br \/>&gt; 3 lost $1M+<\/p>\n<p>Meanwhile, 11 wallets made $1M+ <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/I9ZaBJepAM\">pic.twitter.com\/I9ZaBJepAM<\/a><\/p>\n<p>\u2014 Bubblemaps (@bubblemaps) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/bubblemaps\/status\/1960760218989813905?ref_src=twsrc%5Etfw\" target=\"_blank\">August 27, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>In contrast, just 18,333 wallets came out ahead, collectively earning $66.6 million. But even among winners, most saw modest gains. 15,792 wallets, or 86% of profitable traders, made less than $1,000. Nearly 30% of all profits were captured by just 11 wallets, which together booked more than $1 million each.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Allegations of manipulation<\/strong><\/h2>\n<p>The uneven distribution of gains has fueled allegations of insider trading and sniping, where bots acquire tokens at launch before retail buyers can enter. Similar to trading patterns observed in other celebrity-backed tokens like Argentina\u2019s LIBRA and Donald Trump\u2019s TRUMP, Bubblemaps revealed wallet clusters that resembled coordinated groups.<\/p>\n<p>Concerns were also raised by YZY\u2019s tokenomics. Analysts noted that liquidity pools were set up in a way that allowed developers to manipulate price action, and that 70\u201394% of supply is still insider-controlled through Yeezy Investments LLC. <\/p>\n<h2 class=\"wp-block-heading\"><strong>A familiar celebrity memecoin pattern<\/strong><\/h2>\n<p>Given his comments in February calling memecoins \u201chype-driven scams,\u201d West\u2019s shift to cryptocurrency is remarkable. YZY\u2019s quick ascent and decline are consistent with a trend where celebrity tokens cause retail frenzy but ultimately result in losses for the majority of holders.<\/p>\n<p>As of now, West and his team have not responded to community concerns or insider-trading allegations. No lawsuits have been filed as well.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kanye West\u2019s YZY memecoin has shed 81% of its value from its peak, leaving tens of thousands of retail investors underwater while a handful of wallets captured outsized gains. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9269"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9269\/revisions"}],"predecessor-version":[{"id":9271,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9269\/revisions\/9271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9270"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}