Kanye West’s Solana-Based Token ‘YZY’ Soars to New High Then Drops After Launch

Kanye West has launched his own Solana (SOL)-based token called ‘YZY,’ sparking excitement in the crypto world. The token, which experienced a rapid price surge before dipping, is currently trading at around $1 following its debut. GMGN data reveals that YZY’s market capitalization surpasses $3 billion, with the six largest holders controlling 90.38% of its supply. West himself has shared details on his social media platforms, including an image showcasing YZY’s address and a website for purchasing, selling, and sending the token.