Losses of Kanye West YZY Token Investors Exceed $74 Million
Date: 2025-08-29 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
According to the data from the blockchain analytics platform Bubblemaps, 51,862 wallets belonging to 70,201 traders suffered losses totaling $74.8 million, with 1,025 wallets losing $10,000 or more. On the contrary, 18,333 wallets received a profit of more than $66.6 million, but 86% of them earned less than $1,000.
It is noted that almost 30% of all profits are concentrated in 11 wallet addresses. The Yeezy Money (YZY) token was positioned as a tool that provides users with complete control over finances without the intervention of central banks and authorities.
After the launch, the price of YZY plummeted by almost 70%, which raised suspicions of price manipulation through insider trading and the use of bots for snapping - the automatic purchase of a significant portion of tokens immediately after the release.
According to Bubblemaps, the first major investor in YZY was an anonymous trader with the nickname "Nasim", known for his success in memecoins, including the token of US President Donald Trump, where he earned about $100 million. Hayden Davis, who participated in the scandalous Libra project, which collapsed after the launch, also received significant income. He earned $12 million on snapping YZY.
The crypto enthusiast community notes that most traders who trusted the hype around the Kanye West token ended up in the red, and the profit was distributed extremely unevenly, concentrating in the hands of a limited number of investors.
Experts warn that memecoins, especially celebrity-backed ones, remain highly volatile and risky for a wide range of investors. Potential market participants should carefully analyze projects and be aware of the possibility of manipulation in the early stages of a token launch.
Despite the high interest in YZY and related information on social media, most small investors have experienced financial losses, confirming the view that participating in memecoins requires a cautious approach and understanding of market mechanisms.
The YZY situation highlights the importance of transparency and regulation in the crypto market, as well as the need to carefully study the token structure and profit distribution before investing.
