Meme coin traders are stunned by Kanye West\u2019s YZY token, a new Solana meme coin that skyrocketed 1,400% before crashing down. To put things in perspective, YZY\u2019s fully diluted valuation briefly touched $3 billion within minutes of launch.<\/p>\n
This frenzy cooled off as early buyers and insiders rushed to exit the market at a record high price of over $3. As a result, YZY\u2019s price has collapsed by nearly 80%, as it trades well below the $1 mark at the time of writing.<\/p>\n
Opportunistic traders are now eyeing other meme coins in the market, hoping to find the next 100x moonshot without the insider baggage. They\u2019re loading up on TOKEN6900 (T6900)<\/a>, a viral new meme coin that has raised more than $2.3 million in less than five weeks of its presale launch.<\/p>\n Unlike YZY, the T6900 token features fully transparent tokenomics and does not have any hidden allocations for insiders or VCs. With its branding revolving around the proven \u201c69\u201d theme, TOKEN6900 aims to use the same playbook as SPX6900 (SPX) for its success.<\/p>\n With just five days remaining in the presale, early buyers have a limited time to purchase T6900 for $0.00705<\/a> before it lists on exchanges.<\/p>\n This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/span><\/p>\n YZY\u2019s crash wasn\u2019t really a result of a typical bout of profit-taking. Instead, it was fueled by insiders cashing out at the right time, leaving retail buyers with heavy losses.<\/p>\n Data from blockchain analytics firm Nansen shows that a small group of 13 early wallets generated about $24.5 million in profit by selling at the peak. Out of the first 99 people who bought YZY, only nine were still holding tokens after the price crash.<\/p>\n The first buyer was reportedly the same trader who made huge profits on a Trump meme coin. This suggests that a small insider group is collaborating to manipulate charts and pocket millions.<\/p>\n In fact, Spot On Chain reports that Kanye West\u2019s YZY token crashed from over $3 to $1 in less than three hours.<\/p>\n \ud83d\udd3b $YZY<\/a> \u2014 Ye (@kanyewest<\/a>)\u2019s new token on Solana \u2014 just tanked from over $3 to $1 in under 3 hours.<\/p>\n A trader recently shorted $YZY<\/a> with 3x leverage on #Hyperliquid<\/a> and is now sitting on $202K (+60.5%) in unrealized profit \ud83d\udc40.<\/p>\n Follow @spotonchain<\/a> and track this wallet at\u2026 pic.twitter.com\/lluBYMNy9p<\/a><\/p>\n \u2014 Spot On Chain (@spotonchain) August 21, 2025<\/a><\/p><\/blockquote>\n
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\nYZY Token Crashes as Insiders Cash Out $24.5 Million<\/strong><\/h2>\n
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