Today, August 21, 2025, the memecoin YZY, launched by Kanye West (Ye), has had an extremely volatile performance.

📈 Launch and initial appreciation

The YZY token, launched on the Solana blockchain, reached a market capitalization of US3 billion in just 40 minutes after its launch.

📉 Abrupt decline and controversies

After the peak, the market value of $YZY dropped to around US 1.05 billion. Investigations revealed that 94% of the total token supply was initially under the control of insiders, with 87% in a single multisig wallet before distribution, raising concerns about market manipulation.

$YZY $BTC