Following its explosive launch, Kanye West’s new Solana-based token, $YZY, has experienced a dramatic sell-off. The token’s price plummeted more than 65% within hours of trading debut, signaling potential instability and risks associated with new cryptocurrency listings. Insider activity appears to have played a significant role in the rapid decline, as some traders capitalized on early pre-funding and subsequent short selling before the market truly settled. Hyperliquid reports one trader secured over $202,000 in unrealized profit from a leveraged short position, while Spot On Chain analysts cite the unprecedented speed of the price drop as evidence of volatility concerns tied to new token launches. The rapid decline also raises questions about the lack of USDC backing in the liquidity pool, leading to concerns regarding liquidity imbalance and potential manipulation by developers. While initial excitement surrounding this celebrity-backed project was evident, the rapid market correction suggests that investors should exercise caution before diving into such ventures and conduct thorough independent research.