Kanye’s $YZY Token Causes Solana DEX Surge Amid Wild Volatility

Kanye West’s newly launched $YZY token has triggered a significant surge in trading volume on the Solana decentralized exchange (DEX) platform, Meteora. The token experienced a meteoric rise, reaching a market capitalization of $3 billion within hours, before plummeting by over 75% in a single day. This dramatic price swing illustrates the inherent risks associated with hype-driven cryptocurrency tokens and celebrity endorsements.