ALØNDRACRYPTØ
--
$YZY More than 70,000 investors suffered million-dollar losses with the launch of the YZY token, supposedly linked to Kanye West. According to Bubblemaps' analysis, most lost between $1 and $1,000, while a small group of insider investors made massive gains, up to $1.5 million in a single case.
The token's collapse was due to its faulty design, which allocated 70% of the supply to a single company and left unstable liquidity. The token's market value has plummeted, demonstrating that these types of cryptocurrency launches, often promoted by celebrities, are highly risky and disproportionately favor a small circle of insiders.
{alpha}(CT_501DrZ26cKJDksVRWib3DVVsjo9eeXccc7hKhDJviiYEEZY)
The token's collapse was due to its faulty design, which allocated 70% of the supply to a single company and left unstable liquidity. The token's market value has plummeted, demonstrating that these types of cryptocurrency launches, often promoted by celebrities, are highly risky and disproportionately favor a small circle of insiders.
{alpha}(CT_501DrZ26cKJDksVRWib3DVVsjo9eeXccc7hKhDJviiYEEZY)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
