Kanye’s YZY Crypto Crash Leaves 60,000 Wallets in Red
Over 60,000 unique wallet addresses that participated in the trading of the YZY token, a cryptocurrency linked to rapper Kanye West, have recorded losses, accounting for more than 83% of the total address count involved in the token’s trading activity. The data, drawn from blockchain analytics platforms such as Nansen and Bubblemaps, reveals the extent of the financial impact suffered by retail investors following a rapid price surge and subsequent collapse of the token. Despite the losses, a small group of insider wallets reportedly generated substantial profits in the days following the token’s launch on Solana on August 21, 2025.
YZY initially saw a dramatic price surge of over 1,400% within an hour of its launch, peaking at $3…
