When I bought a yzy token linked to rapper ye, formerly known as Kanye West, I ended up tearful ending on more than 70,000 wallets, Bubblemaps and Bubblemaps, a blockchain data visualization tool.
Solana-based Memecoin’s debut last week was part of a “Yzy Money” ecosystem plan that includes payment rails and branded cards.
However, on-chain data, combined with insiders and early wallets and thin liquidity and quick guesses, suggests that whales extract millions and crowds are responsible for almost all losses.
Updated $yzy numbers are worse than we thought
Over 70,000 Total Traders
>51,862 lost $1-1K
>5,269 lost $1K-10,000
>1,025 lost $10k-10,000
>108 lost $100k to $1 million
> 3 lost $1 million+Meanwhile, 11 wallets created $1 million+ pic.twitter.com/i9zabjepam
– Bubblemaps (@bubblemaps) August 27, 2025
Over 51,800 addresses appear to have lost between $1-$1,000 and $1,000, with another $5,269 down from $1,000 to $10,000, with 1,025 wallets flowing between $10,000 and $100,000.
At the top of the loss curve, 108 wallets sit in a six-figure drawdown, while the three traders each lost more than $1 million.
On the other side of the calculation, 11 addresses reserve profits of more than $1 million, just 0.015% of the total. An estimated 99 wallets exceeded $100,000, while 2,541 wallets have cleared at least $1,000.
The crowd has overall dropped around $8.2 million, despite some insiders putting a fair amount of victory in their pocket. Therefore, 18,000 wallets were technically profitable, but the concentration was cruel. The real money sat in the top 11, but the rest barely moved the needle.
As Coindesk stated in his previous story, the biased distribution reflects structural flaws that have been flagged from day one.
70% of the supply was allocated for Yeezy Investments LLC, locked up under Jupiter’s vesting system, with only 20% being sold to the public and 10% being used for liquidity.
The pool itself was sown with only Yzy tokens without a stable pair. This is a design that leaves the door open for a sudden liquidity pull, unlike the short-lived Libra token promoted in Argentina in February.
On-chain analysts have identified wallets that they can access early. At the time of publication, address 6MNWV8 spent 450,611 USDC for $0.35 at 129 million Yzy and flipped 104 million tokens at 139 million USDC, but earned a quick profit of about $1.5 million on around 249,907 Yzy, worth about $600,000.
As of Thursday, Yzy’s market capitalization had dropped to $544.9 million, with $42.7 million in liquidity and 26,590 holders temporarily dropping sharply from the initial frenzy, with $3 billion being promoted.
Dextools’ data show plunged into daily volumes to $1.8 million, a mere portion of the early activities.
Yzy’s performance closely reflects the performance of memokines based on many celebrities. There, unless you are already inside, there is effectively zero chance of achieving life-changing benefits.
Coindesk contacted YE by email for comments.
