Yeezy Token Soars Before Insider Trading Concerns Lead to Massive Drop

Rapper Kanye West’s new cryptocurrency token, YZY, experienced a meteoric rise after its launch on the Solana blockchain. Within 40 minutes of release, it reached a $3 billion market capitalization, but this impressive figure took a dramatic turn as accusations of insider trading emerged. The token’s value plummeted to approximately $1.05 billion shortly thereafter, sparking concerns about market manipulation.