Data shows that 13 wallets have earned over 24 million dollars in profit from selling YZY tokens.

According to Nansen, 13 wallets made over 24.5 million USD from Kanye West's YZY token after a sell-off. YZY launched on Solana surged 1,400% to 3 USD in just one hour, then fell 74% to 0.77 USD within 24 hours. Over 56,000 wallets had previously traded, but only 27,000 wallets hold above 1 USD. Of the first 99 buying addresses, only 9 wallets still hold the token. One wallet lost 1.8 million USD, another lost 1.2 million USD, and there are traders "holding" losses of over 800,000 USD.

Bubblemaps reveals that a group of snipers is coordinating to "bleed the market," linking the YZY hunting wallet to the withdrawal of 21 million USD from the LIBRA token. Many experts believe that celebrity memecoins are not aimed at popularizing cryptocurrency, but are merely a channel for transferring assets to the rich. Before YZY, memecoins like HAWK or those related to Kim Kardashian, Iggy Azalea, Caitlyn Jenner, and Lindsay Lohan have also sparked controversy due to the pump & dump model.