Kanye West’s $YZY Token on Solana: From $3B Hype to $300M Crash

Kanye West has officially entered the crypto scene with his $YZY token, launched on Solana. What started as one of the most explosive token debuts in crypto history quickly turned into a cautionary tale. 

$3 Billion Market Cap in Minutes 

Within just 40 minutes of launch, $YZY hit a staggering $3 billion market cap. The hype was fueled by Kanye’s direct involvement, a verified contract, and even a video message that seemed to confirm the authenticity of the project. Traders rushed in, believing this was the next big cultural token. 

The Sudden Crash  
However, the excitement did not last long. The market cap tumbled to $1.05 billion shortly after, before eventually dropping to $300 million. This represents a 90 percent collapse from the peak, wiping out billions in paper gains. 

Insider Dump Allegations 

Rumors are spreading across the community that insiders took advantage of the hype. Data shows that the top 10 early wallets booked a combined profit of $13.5 million. Meanwhile, over 60 percent of the 56,000 wallets holding $YZY are currently in loss. 

Fake Tokens Collapse 

The hype around Kanye’s entry into crypto also triggered a wave of fake tokens such as Yeezy Coin and Swasticoin. Many of these collapsed within hours of launch, leaving unsuspecting buyers with worthless assets. 

Is $YZY a Scam or Just Volatile? Despite the verified smart contract, Kanye’s public endorsement, and the token briefly reaching a $3B valuation, some traders still insist $YZY is a scam. Adding fuel to the skepticism, a circulating theory suggests Kanye’s team may have launched up to 25 different tokens before deciding which one would become the official $YZY. 

The Bottom Line  
Whether $YZY stabilizes or fades, the launch highlights both the explosive potential and the risks of celebrity-backed crypto projects. Traders are reminded that hype can fuel incredible gains, but it can also lead to devastating losses within hours.