Kanye West’s YZY Token Reaches $3 Billion Market Cap Before Quick Decline

TLDR Kanye West’s YZY token on Solana reached a $3 billion market cap within 40 minutes of launch Token price has since fallen to around $1.05 billion market cap amid insider trading concerns On-chain data shows insiders had advance knowledge and made millions in profits Only YZY tokens were added to the liquidity pool, allowing [...]

The post Kanye West’s YZY Token Reaches $3 Billion Market Cap Before Quick Decline appeared first on Blockonomi.