Yeezy Coin Plummets: Insider Control Sparks Market Crash

Kanye West’s Yeezy Money ($YZY) token experienced a sharp decline hours after its launch, resulting in significant financial losses for traders and raising concerns about insider influence in the cryptocurrency market. The token, launched on Solana, saw an explosive rise to a $3 billion market cap before plummeting, with estimates exceeding $500,000 lost by traders. This rapid decline was fueled by high-profile celebrity involvement and significant insider control of the tokens.