The YZY coin launch on Solana triggered extreme volatility and record activity: YZY coin trading produced $1.183 billion in volume and drove Meteora to capture $16 million in fees in one day, highlighting insider trading risks and calls for stronger market governance.
Meteora earned $16M in fees in a single trading day
YZY coin generated $1.183 billion in trading volume on Solana during the launch spike
Insider trading and market manipulation concerns led to renewed calls for regulation and better DeFi governance
YZY coin surge on Solana drove Meteora fees to $16M and $1.183B volume—read how insiders and governance gaps shaped the event. Learn more from COINOTAG.
What was the impact of the YZY coin launch on Meteora and Solana markets?
The YZY coin launch produced extreme market disruptions that temporarily made Meteora the busiest Solana DEX, recording $1.183 billion in trading volume and $16 million in fees in a single day. The event exposed risks from insider trading, liquidity shocks, and insufficient anti-sniping controls.
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Trading demanded heavy use of SOL and USDC as liquidity pools experienced extreme inflows and outflows. Meteora’s fee accrual rose sharply because of concentrated, automated trading strategies executing thousands of transactions per minute. On-chain data shows the one-day volume peak reached $1.183B, producing the $16M fee figure reported on-chain and in community monitoring tools.
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Source: https://en.coinotag.com/kanye-wests-yzy-launch-may-have-driven-16m-in-meteora-fees-1-18b-volume-and-renewed-governance-calls/