The post Why Kanye’s YZY Coin Is a Case Study in Crypto Risk appeared on BitcoinEthereumNews.com. YZY surged past $3B in valuation before it dipped to below $1B within hours of launch. On-chain data shows insiders accumulated tokens before the public release, making millions. Analysts warn the liquidity pool setup and centralization expose retail traders to risks. Kanye West’s official entry into the crypto market with his Solana-based meme coin, YZY, saw its market valuation briefly flash above $3 billion before a dramatic decline, leaving a trail of red flags for investors.  The token got into the public via West’s verified X account alongside its contract address. The unveiling caused a wave of trading activity that sent volumes surging across Solana decentralized exchanges. Shortly after launch, YZY saw frenzied buying that drove its fully diluted valuation past $3 billion, only to retrace below $1 billion within hours. At its peak, the token traded above $2 before sliding back near $1.  On-Chain Data Proves Insider Activity On-chain data shows heavy participation from large wallets with one whale spending 12,170 SOL (about $2.28 million) to acquire 2.67 million YZY. That position is now worth more than $8.29 million, locking in a profit of around $6 million. Blockchain analytics firms highlighted unusual trading behavior around the launch. Several wallets that acquired YZY before the public announcement booked millions in gains. Also, the six largest holders currently control over 90% of the supply.  In one case, a trader mistakenly bought a fake version of YZY days before the official launch, losing $710,000. The same wallet then purchased the real token for $761,000 and recovered the loss by profiting more than $710,000 in just hours. Another wallet acquired 1.29 million YZY for $450,611 in USDC and quickly sold most of the position for $1.39 million while still holding tokens worth over $1.5 million. Other early buyers used priority fees to front-run… The post Why Kanye’s YZY Coin Is a Case Study in Crypto Risk appeared on BitcoinEthereumNews.com. YZY surged past $3B in valuation before it dipped to below $1B within hours of launch. On-chain data shows insiders accumulated tokens before the public release, making millions. Analysts warn the liquidity pool setup and centralization expose retail traders to risks. Kanye West’s official entry into the crypto market with his Solana-based meme coin, YZY, saw its market valuation briefly flash above $3 billion before a dramatic decline, leaving a trail of red flags for investors.  The token got into the public via West’s verified X account alongside its contract address. The unveiling caused a wave of trading activity that sent volumes surging across Solana decentralized exchanges. Shortly after launch, YZY saw frenzied buying that drove its fully diluted valuation past $3 billion, only to retrace below $1 billion within hours. At its peak, the token traded above $2 before sliding back near $1.  On-Chain Data Proves Insider Activity On-chain data shows heavy participation from large wallets with one whale spending 12,170 SOL (about $2.28 million) to acquire 2.67 million YZY. That position is now worth more than $8.29 million, locking in a profit of around $6 million. Blockchain analytics firms highlighted unusual trading behavior around the launch. Several wallets that acquired YZY before the public announcement booked millions in gains. Also, the six largest holders currently control over 90% of the supply.  In one case, a trader mistakenly bought a fake version of YZY days before the official launch, losing $710,000. The same wallet then purchased the real token for $761,000 and recovered the loss by profiting more than $710,000 in just hours. Another wallet acquired 1.29 million YZY for $450,611 in USDC and quickly sold most of the position for $1.39 million while still holding tokens worth over $1.5 million. Other early buyers used priority fees to front-run…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more