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YZY MONEY, a brand new Solana meme coin linked to rapper Kanye West, aka Ye, has sparked rugpull fears after surging to a $3 billion market cap after which crashing 55%.
The token earned a CoinMarketCap itemizing and drew funding from BitMEX co-founder Arthur Hayes, at the same time as debate raged on social media over whether or not West himself promoted it or his X account had been hacked.
The token surfaced on X when the rapper apparently posted about it on his official account, which has over 33.1 million followers.
“YEEZY MONEY IS HERE ,” the X submit mentioned whereas sharing a screenshort of the meme con’s good contract handle. “A NEW ECONOMY, BUILT ON CHAIN.”
It additionally mentioned the YZY ecosystem contains Ye Pay, a crypto funds processor that enables retailers to simply accept crypto and bank card funds at decrease charges, and a YZY bank card.
“YZY Cash is an idea to place you in management, free from centralized authority,” in accordance with the undertaking’s web site.
The rapper later shared a video of himself introducing the meme coin in a follow-up submit. “The official Yeezy token simply dropped,” the artist mentioned in a considerably robotic tone within the video.
Feedback beneath the video confirmed that many crypto neighborhood members suspect it was generated by AI, igniting debate across the legitimacy of the token.
YZY Token Will get Purchase-In From BitMEX Co-Founder
Even Hayes suspects the token is perhaps a rugpull. Regardless of that, he nonetheless invested within the Solana meme coin.
“Please don’t rug me @kanyewest !!!” Hayes mentioned in an X submit earlier right this moment that means he purchased into the brand new meme coin.
Pls do not rug me @kanyewest !!!$YZY for the win … trigger bull market.
Yachtzee pic.twitter.com/16ZruT8WqA
— Arthur Hayes (@CryptoHayes) August 21, 2025
“$YZY for the win … trigger bull market,” Hayes added.
A rugpull is much like a pump-and-dump scheme, and includes token creators inflating costs by hype or synthetic orders earlier than dumping massive quantities of tokens on buyers, subsequently crashing the crypto’s value.
CoinMarketCap Lists YZY MONEY Token, Worth Crashes
CoinMarketCap additionally introduced that it has listed the YZY token.
In an X submit, the platform famous that the crypto launched with over $100 million in liquidity.
Ye (@kanyewest)’s new coin $YZY (YZY MONEY) has been listed on CoinMarketCap!https://t.co/5LOo5D8Kyu
With already $100M+ liquidity at launch, will this Sink or Swim? pic.twitter.com/cI1SvRbZFc
— CoinMarketCap (@CoinMarketCap) August 21, 2025
The hype on X propelled the token to an all-time excessive (ATH) of $3.16 in the previous few hours. Since then, nevertheless, the worth has fallen over 56% to face at $1.11 as of 6:05 a.m. EST.
Largest YZY Traders Holds 27% Of The Provide
Knowledge from Solscan reveals that YZY at the moment has 31,971 holders. The biggest of those buyers holds 27% of the token’s provide, with 270 million tokens valued at over $278.2 million.
YZY holders (Supply: Solscan)
The second and third greatest holders management 18% of the provision every. In the meantime, the fourth, fifth, sixth and seventh largest wallets maintain 17%, 9.53%, 1.07% and 1.07% of the YZY provide, respectively.
The remaining addresses all maintain lower than 1% of the provision.
This isn’t the primary time the creator has launched a token linked to the rapper. An evaluation of the creator’s handle hyperlinks them to a bunch of different Ye-themed cryptos, together with YE, YZY CARD, Coinye, Ye With Hat, Republic of Ye, and quite a few others.
The creator has additionally launched tokens attempting to revenue from Kim Kardashian, Ye’s ex-wife, with cryptos resembling OFFICIAL KIM KARDASHIAN COIN and Kim Kardashian.
General, the creator has launched 26 tokens, with the pockets’s holdings in these tokens valued at simply $34.76. The handle does, nevertheless, maintain 237.34 Solana (SOL) valued at $44,615.18.
YZY creator’s handle overview (Supply: Solscan)
In the meantime, TokenSniffer, a instrument that scans good contracts, neighborhood channels and token metrics to find out if a crypto is a rip-off or not, has scored the YZY crypto 5/100.
TokenSniffer rating for YZY crypto (Supply: TokenSniffer)
In line with the platform, the crypto was launched on Aug. 17.
A serious crimson flag raised by TokenSniffer is close to the crypto’s holders. Whereas the token’s creator holds lower than 5% of the circulating provide, the highest 10 holders “possess a considerable quantity,” it mentioned.
That might “have a big affect on the token value if offered,” TokenSniffer added.
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