Over $24M in Profits Made from Kanye West’s YZY Token Dump, Data Reveals

A new analysis by Nansen reveals that 13 wallets profited over a million dollars each after trading on Kanye West’s recently launched YZY token. The token experienced a dramatic surge before a sharp decline, resulting in a total loss of $24.5 million for the top traders. This sudden spike and drop has raised eyebrows about insider sales and manipulation within the crypto community. 56,000 wallets engaged with the token’s launch while over 27,000 remain holding more than $1 worth. Some early investors have already realized substantial losses exceeding millions of dollars.