Coordinated Snipers Extract $24M from Kanye’s YZY Token Launch

• Elite traders drained $24.5 million from Kanye’s YZY memecoin launch, leaving 56,000 retail investors with massive losses.

• Token crashed 74% in 24 hours after initially surging 1,400% to $3, with sophisticated snipers executing synchronized exit strategies while retail held worthless bags.

Kanye West’s Solana-based YZY memecoin was another celebrity token that was drained by sophisticated traders. The data indicate that this was an organized raid that represents the predatory aspect of celebrity cryptocurrency launches that prey on unsuspecting investors.

Elite Trading Groups Orchestrate Massive Wealth Transfer

Nansen, a blockchain analytics firm, tracked 13 wallets that earned more than a million dollars in the course of YZY volatile Thursday launch sequence. These colluding operators made away with a total of $24.5 million and about 56,000 retail wallets were left devastated.

The price movement of the token was a typical pump-and-dump scheme, as it increased by 1,400% in sixty minutes to the peak value of $3. YZY then crashed 74% to $0.77 in twenty-four hours, leaving thousands of ordinary investors with worthless digital assets forever.

Bubblemaps investigation showed the initial purchaser as the very sniper who had earlier profited off Trump memecoin to the tune of millions. Intelligence implies that this operator works with other elite snipers instead of competing, and systematically destroys token charts together.

Moreover, blockchain sleuth Dethtective has connected sniper Naseem to scandalous LIBRA token wallets, pointing to systematic withdrawal of tens of millions. Nine of the first ninety-nine YZY buyers held on to their positions, which indicates the coordinated exit strategy.

The losses were catastrophic at the individual level with one wallet losing a confirmed amount of $1.8 million and another losing $1.2 million. A third trader is stuck with more than $800,000 in unrealized losses, underscoring the crushing retail impact.

This trend is similar to past celebrity memecoin fiascos such as Haliey Welch HAWK token which also crashed 90% in hours. Other celebrities such as Kim Kardashian, Iggy Azalea have also been accused of pump-and-dump schemes with organized insider groups.

BitMEX co-founder Arthur Hayes confirmed the obvious manipulation, saying retail investors should steer clear of these celebrity “shitter” tokens altogether. The figures indicate that celebrity memecoins are more of a wealth transfer tool that favors advanced operators as opposed to community development.

More than 27,000 wallets continue to have YZY positions above $1, indicating that retail has exposure to further losses. The synchronized character of such operations casts a doubt on celebrity cryptocurrency launches and investor protection.

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