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Kanye West’s YZY Meme Coin Boosts Meteora DEX Trading Volume to $1.18B

by admin August 22, 2025

The Solana-based decentralized exchange (DEX) Meteora has become a trending crypto trading platform in the past 24 hours with it seeing a drastic surge in daily trading volume . The climb was supported by the trend linked to Kanye West’s YZY token which set a buzz within the crypto community.

During the YZY trend, Meteora handled over $1.183 billion in trading volume. Raydium, the long leading Solana DEX, trailed behind during the same period with less than $1 billion in trading volume in the last 24 hours—as per DeFillama data.

Fees and Market Impact

With the notable spike in trading volume, Meteora also collected over $16 million in fees in 24 hours. That figure was second only to Tether, placing Meteora ahead of other major platforms across the wider crypto market.

The YZY token has been central to the attention with its launch bringing a surge of traders, sending record liquidity through Meteora. Some say meme tokens create quick surges while others argue the event shows Solana’s ability to attract new demand and keep users engaged.

Competition among Solana-based DEXs

Raydium’s fall from the top spot is significant as the exchange has been the backbone of Solana trading for years. Its drop shows how quickly traders shift when new tokens or incentives appear.

The bigger picture is rising competition. Solana DEXs are battling for liquidity, and tokens often decide where traders move. Also, we can see the rivalry growing as more platforms fight for users and fees.

Meteora’s trading volume rise shows the influence of meme tokens in DeFi. On Solana, hype can move liquidity almost overnight. For investors and developers, the question is whether the momentum lasts or fades once the YZY hype cools. As of press time, YZY token price has declined over 70% in the last 24 hours.

Also Read: CFTC Launches Second Crypto Sprint to Implement Trump Plan

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August 22, 2025 0 comments

Gaming Gear

Kanye West Said Memecoins ‘Prey On Fans.’ Then He Apparently Launched One

by admin August 22, 2025

Kanye West, the hip-hop artist who goes by Ye, appears to have launched his own cryptocurrency, YZY, sparking a riot of trading activity.

In February, West rejected the idea that he might launch a crypto coin. “I’M NOT DOING A COIN,” he wrote, in a since-deleted post on X. “COINS PREY ON THE FANS WITH HYPE.” He seems to have changed his mind.

On Wednesday evening, West’s X account announced the YZY coin in two posts. “The official Yeezy token just dropped,” said West, in a strangely deadpan video clip that some X users speculated was AI-generated.

As traders piled in, the coin’s paper value surged to $3 billion, then plummeted by two-thirds in the span of three hours as early investors cashed out. Since the start of trading, investors have placed more than $740 million worth of trades. The majority of traders have recorded losses, collectively losing more than $20 million, says blockchain analytics company Nansen.

Winner of more than 20 Grammy Awards, West has become increasingly unmoored and erratic in his behavior in recent years. Most infamously, West made a series of antisemitic remarks in 2022 that drew widespread condemnation and led Adidas to abandon a lucrative partnership with his design label. In May, he released a music video entitled “Heil Hitler.”

The YZY coin is supposedly part of a grander constellation of products called YZY Money, which also purports to include a crypto payments service and debit card. “YZY Money is a concept to put you in control, free from centralized authority,” the website claims.

According to the website, 20 percent of the YZY supply has been released, 10 percent has been pooled on exchanges to allow for smooth trading, while the remaining 70 percent is held by Yeezy Investments LLC. The company cannot gain access to those coins for at least three months, a common practice meant to prevent issuers from dumping their holdings and sinking the price of a coin.

It is unclear who controls Yeezy Investments, which is registered in Delaware and therefore not required to disclose its ownership structure. Yeezy Investments operates the YZY Money website under a licence granted by Ox Paha Inc., a company through which West manages his intellectual property, the terms and conditions state.

Typically, rookie crypto traders are warned away from coins whose supply is concentrated in the hands of a small number of parties, for fear they might sell off their holdings en masse, driving down the price of the coin.

“You have to consider longer down the line,” says Nicolai Søndergaard, research analyst at Nansen. “Let’s say all tokens unlock in two years, you might not want to be in a token at that point. You could fairly assume there would be a sell-off.”

Patterns in the trading activity in the minutes after the YZY coin announcement have led to further questions about the integrity of the launch.

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August 22, 2025 0 comments

NFT Gaming

Kanye West’s Solana Coin YZY Rocked By Insider Allegations

by admin August 21, 2025

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The Solana-based memecoin YZY, promoted by Kanye West (Ye), posted one of the most volatile debuts of the year, rocketing to a multi-billion-dollar valuation within minutes before retracing as on-chain sleuths flagged insider activity and a contentious liquidity setup. In an X post on Thursday, West shared the contract address and framed “YZY MONEY” as “A NEW ECONOMY, BUILT ON CHAIN,” helping propel the token to roughly $3 billion in market value within about 40 minutes, before sliding sharply lower later in the session.

YZY Faces Insider Trading Claims On Solana

Early trading immediately drew scrutiny. Analytics account Lookonchain alleged that “Only YZY was added to the liquidity pool with no USDC. Dev may sell YZY by adding/removing liquidity, similar to LIBRA,” a single-sided structure that can make exits opaque for retail takers and amplify slippage through add/remove liquidity operations.

Several wallets appeared to have anticipated the launch mechanics. Lookonchain identified wallet 6MNWV8 as having known the contract address ahead of time, even attempting to purchase it before the token went live. Once trading opened, that wallet spent 450,611 USDC to acquire 1.29 million YZY at roughly $0.35, later selling 1.04 million YZY for 1.39 million USDC and retaining 249,907 YZY (about $600,000) — a take the analysts calculated as “a profit of over $1.5M.”

A second cluster of transactions suggested an orchestrated rush to the front of the queue. According to Lookonchain, an insider spent 450,000 USDC across two wallets to buy 1.89 million YZY at $0.24, then sold 1.59 million YZY for 3.37 million USDC at $2.12, still holding ~303,425 YZY (~$510,000). One of the addresses paid 129 SOL (≈$24,000) in priority fees to win block space at launch.

Not every attempt to front-run succeeded. Lookonchain also documented a trader who “bought the wrong YZY and lost $710K,” then spent 761,000 USDC on the official token and recouped over $710,000 minutes later — a whipsaw emblematic of hyper-fragmented symbols during celebrity launches.

Speculation spread beyond spot markets. “Trader 0x68c0 just opened a 3x leveraged long on $YZY again,” Lookonchain wrote, noting that his previous two long attempts within the hour had already lost a combined $159.6K.

Momentum ultimately broke. “YZY has dropped below $1,” Lookonchain posted, adding that whale 6ZFnRH spent 1.55 million USDC to buy 996,453 YZY at $1.56, only to exit at $1.06 for 1.05 million USDC — a ~$500,000 loss in under two hours.

At network level, the launch became a live-fire stress test for Solana. SolanaFloor reported that the chain’s “true TPS (non-vote transactions) hit 2,300 for the first time” during the YZY debut — a new peak for real transaction throughput and a marked improvement from earlier celebrity-token frenzies.

Beyond discrete wallet anecdotes, broader supply concentration data fanned the “insider” narrative. Coinbase’s Conor Grogan pointed to on-chain snapshots suggesting at least 94% of supply sat with insiders at one point, including a single multisig with 87% before distribution — numbers that, if sustained, can magnify price impact during rebalancing or liquidity removal.

The project’s documentation promoted anti-sniping steps — notably deploying 25 contract addresses and randomly designating one as official — but those measures did not prevent early-access behavior flagged by analysts.

At press time, Solana traded at $185.

SOL price faces key resistance at the 0.786 Fib, 1-week chart | Source: SOLUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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August 21, 2025 0 comments

GameFi Guides

Kanye West Launches YZY Token, Sparks Trend Across Crypto Industry

by admin August 21, 2025

Popular rapper Kanye West has launched a new memecoin called YZY earlier today and it has taken over the crypto industry by a storm. Deployed on Solana, YZY token is currently talk of the town with the rapper describing project as the start of a “new economy, built on chain.”

The launch drew swift attention from investors with YZY’s valuation climbing as high as $3.2 billion at its peak before cooling to around $1.3 billion. These sharp moves showed how quickly celebrity-backed tokens can rise and fall.

Source: X

Building a New Economy with YZY Money

YZY token is positioned as the base of YZY Money project. Its ecosystem includes Ye Pay, a crypto payment service, and YZY Card, a global spending tool that works with both YZY and USD Coin. The project calls itself the start of “a new economy” built on-chain. It focuses on payments, commerce, and wider use of digital assets.

The token will be shared through public allocations and liquidity reserves. A portion is locked in long-term vesting under Yeezy Investments LLC to show commitment and transparency. Its vesting is carried out on-chain through Jupiter Lock, an audited protocol on Solana.

The launch also introduced an anti-sniping method, with the team deployed 25 contract addresses and picked one at random as the official YZY token. It was meant to block bots and give retail buyers a fair chance.

Suspicious Trading Movements on YZY Meme Coin

Analysts at Lookonchain highlighted wallets that seemed to know the real contract in advance. One wallet bought YZY before launch and later sold most of its holdings for a profit of more than $1.5 million, raising doubts about equal access.

YZY can be traded on Meteora on Solana. Early trading showed sharp price swings, underlining both excitement and risk. YZY shows how a celebrity launch can draw instant market attention. Its lasting value, however, will depend on Ye’s ability to deliver real payment and commerce tools beyond the early hype.

Also Read: Sonic Labs Proposes Token Issuance to Enter U.S. TradFi Markets

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August 21, 2025 0 comments

NFT Gaming

Kanye West Launches Token on Solana in Frenzied Debut

by admin August 21, 2025

In brief

YZY surged to a multibillion-dollar valuation within an hour of launch before tumbling.
The token is framed as part of a broader “YZY Money” payments ecosystem.
On-chain data shows 70% of supply sits in a single wallet, raising centralization concerns.

Hip-hop artist Kanye West has made his first direct move into crypto with YZY, a Solana-based token promoted late Wednesday night on his verified X account.

“A new economy, built on chain,” West’s account posted on the social media platform, describing the project. A video of West confirming “the official Yeezy token” drop was released an hour later.

West has spoken about Bitcoin before and once sued to shut down the unauthorized “Coinye” token.YZY is the first coin he has formally launched under his own name and brand. Earlier in March, West pivoted to crypto and teased the possibility of dropping a meme coin.

His announcement has triggered a buying surge that quickly pushed the coin’s market capitalization to more than $3 billion less than an hour after it went live, before drastically dropping to less than $1 billion, according to on-chain data from Birdeye.

While YZY is clocking a 375% rise over the last 24 hours, the token is down more than 34% in the past hour to $0.99, data shows.

The token was quickly listed on platforms including CoinMarketCap and Bitget, with Poloniex announcing support shortly after.

Trading volumes on Solana decentralized exchanges spiked, cementing YZY as one of the largest and most visible celebrity-linked coins to debut yet, eclipsing that of other launches such as TRUMP, MOTHER, and LIBRA.

Framed as part of a broader “YZY Money” ecosystem, its website describes the token as part of “a new financial system, built on crypto rails,” with YZY positioned as the native cryptocurrency of a broader ecosystem.

The website describes YZY as more than a meme coin and goes on to describe Ye Pay, a proposed payment processor aimed at reducing merchant fees, and the YZY Card, pitched as a global spending tool for YZY and USDC.

The project claims the token would support loyalty programs, retail use, and peer-to-peer transfers, but no timeline or technical details were provided.

While the site disclosed the Solana contract address and liquidity pool, questions remain about governance, compliance, and whether these features will be delivered.

West’s representatives under the Yeezy brand did not immediately return Decrypt’s request for comments on those aspects.

Bubblemaps data shows a single wallet controls about 70% of the token’s total one-billion supply, with public allocations reported at just 20% and the remainder vested under Yeezy Investments LLC, spurring concerns over centralization risks.

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August 21, 2025 0 comments