Kanye West’s YZY memecoin has surged 6,800% on Solana blockchain, despite 94% of tokens being held by insiders at launch. The celebrity memecoin generated massive trading volume while raising serious concerns about fair distribution and potential market manipulation.
YZY Token Launch Sparks Insider Trading Fears On Solana Platform
The Kanye West YZY memecoin launch on Solana has exposed significant insider trading concerns, with blockchain analysis revealing that 94% of the total supply was concentrated among early holders before public availability. This solana memecoin insider trading pattern mirrors previous celebrity token launches that have faced similar distribution issues.
Conor Grogan had this to say about the distribution:
“By my estimation, at least 94% of the new Kanye token is insider owned ~47% of the new Kanye token was owned by a single multisig (tokens dispersed to multiple wallets) ~3%+ was bought in a single transaction, with size, by assorted (prepared) wallets at market open”
YZY Token 6800 Percent Gains Drive Trading Frenzy
The YZY token 6800 percent gains occurred within hours of launch, reaching a peak market cap of over $137 million. Trading volume exceeded $640 million in the first 24 hours, demonstrating the massive interest in the Kanye West YZY memecoin despite celebrity memecoin scam concerns.
By my estimation, at least 94% of the new Kanye token is insider owned
— Conor (@jconorgrogan) August 21, 2025
-87% of the new Kanye token was owned by a single multisig (now dispersed to multiple wallets)
-3%+ was bought in a single transaction, with size, by assorted (prepared) wallets at market open
-7%+ in LP pic.twitter.com/gokotoI39s
James Wynn stated:
“Aped $YZY on a 600% pull back. $TRUMP ran from $4bn to $15bn in 28 hours. 4x This coin might not be of much interest to the brokers of CT, but its of interest to whales because they can move 7 figures in and out with this kind of liquidity and volume.”
Also Read: Dogecoin Is The Last Memecoin In Top 25: DOGE Meme King?
Celebrity Memecoin Scam Concerns Mount
The celebrity memecoin scam concerns surrounding YZY reflect broader issues with celebrity token launches in 2025. The concentration of tokens among insiders before public announcement raises questions about fair market access and potential manipulation tactics.
James Wynn also noted:
“YZY has major mind share, major cult fans, perfect demographic for crypto. Short term play.”
Aped $YZY on a 60% pull back. $TRUMP ran from $4bn to $15bn in 28 hours. 4x
— James Wynn (@JamesWynnReal) August 21, 2025
This coin might not be of much interest to the brokies of CT, but its of interest to whales because they can move 7 figures in and out with this kind of liquidity and volume.
I'll just be trying to… https://t.co/vmYBaTL8oz
The solana memecoin insider trading patterns observed with YZY demonstrate the ongoing challenges in celebrity-backed token launches. Despite the impressive YZY token 6800 percent gains, the distribution issues highlight the importance of transparency in memecoin launches.
Also Read: This Memecoin Sends Real Money to US Treasury: Rise of $DEBT
