Kanye’s Meme Coin Fuels Meteora DEX Surge, Exceeding $16 Million in Fees

Kanye West’s YZY token has generated a buzz within the crypto market this year, sparking a significant surge in trading activity for Solana-based decentralized exchange (DEX) platform, Meteora. The influx of liquidity and speculative frenzy fueled by YZY’s rapid rise led to a remarkable spike in Meteora’s trading volume, surpassing long-time leader Raydium on August 21st. 💰 This achievement resulted in an impressive $16.05 million in fees generated during the same period, second only to Tether within the broader crypto industry.