Kanye West YZY Memecoin Leaves Investors Rekt By Snipers


According to Nansen, he earned a total of 13 purses earned more than a million dollars.

Token yzy was launched On the Solan on Thursday with a rapper, while the first 13 wallets benefit a total of $ 24.5 million when they threw the token.

Token yzy token increased by 1,400% in an hour of starting and hit the top price of $ 3 before the recovery according to to Nansen. In less than 24 hours from the tip, the token dropped by 74% to about $ 0.77. The opening was controversial, with many observers pointing to alleged initiated sales and sniper.

Dune analysts query He indicated that more than 56,000 wallets were interacting with MEMECOIN, while Nansen said more than 27,000 wallets were holding more than $ 1.

The data also showed that from the first 99 addresses for the purchase of token, only nine still held any yzy at the time of writing.

The Yzy holder realizes a loss of $ 1.8 million

According to Nansen, the largest loser was a wallet that realized a loss of $ 1.8 million, followed by a wallet that lost $ 1.2 million. One merchant still held his yzy tokens with an unrealized loss of more than $ 800,000.

Top 10 yzy traders extracted more than $ 18 million. Source: Nansen

An elite group of snipers and initiated

Bubblemap Crypt Data Provider said“That’s worse than we thought,” after revealing the identity of the first buyer as a snipe that first bought Trump (TRUMP) Memecoin, produce millions in the process.

He added that he also received Intel, who pointed to another sniper that shared funds in the past and blasted chips.

“There is an elite group of snipers who do not compete but coordinate, so millions destroy charts.”

Meanwhile, Blockchain Miss linked the sniper “NASEEM” with another set of wallets behind the controversial pound token, suggesting that the same operator extracted tens of millions of dollars using the knowledge.

Related: Kanye West Yzy Sniper Wallet connected to the Extraction Scheme Liber 21 million $: Analyst

“These celebrities are usually described as a way on board people,” Sleuth said after the “DethTective” handle than he added, “For me it looks more like a transfer of wealth that even richer.”

Yzy pumps and landfills like snipers are discharged with millions. Source: Nansen

Celeb MEMECOIN pump and dump

This is not the first time that the celebrity has triggered memecoin, which drew and threw into the controversy.

Influencer tiktok Haliey Welch triggered memecoin called HawkNamed for her infamous “Hawk Tuah” Catchphras, in December.

The chart formula was incredibly similar to Yzy’s to memecoin Ejected 90% In a few hours, outrage and accusations of blasting and trading of the initiated persons. Retail traders lost millions, while a group of dedicated persons pocket $ 3 million, according to Bubblelaps.

Other celebrities, including Kim KardashianIggy azalea, Caitlyn Jenner and Lindsay Lohan, was involved in the alleged memecoin pump and dump schemes.

“Oopsie … FAM next time, don’t let me trade shitters like yzy. He should only keep two-steppin,” said Bitmex co -founder Arthur Hayes.

Magazine: Celebrit price list Caitlyn Jenner MEMECOIN ‘MasterMind’