Kanye's YZY Coin Crash: Hacked or Rug Pull?

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Kanye's crypto chaos continues! His official Solana meme coin, YZY, plummeted 81% just a week after launch, amidst claims his Instagram was hacked. The alleged hacker promoted a fake YZY token, causing it to briefly surge to a $7 million market cap before crashing. This isn't the first time Kanye's crypto ventures have sparked volatility, with his official coin launch previously wiping out other unofficial tokens. While most YZY traders haven't profited, some early investors, like Hayden Davis, reportedly made millions. The drama unfolded as Kanye's Instagram unfollowed the scam token page, leaving the Solana meme coin market reeling. Hosted on Acast. See acast.com/privacy for more information.

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