YZY token aftermath sees 105 traders lose $100k-$1M each in $75M wipeout

CryptoSlate
CryptoSlate
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Kanye West’s YZY token launch has left 105 traders with significant losses between $100,000 and $1 million each, totaling $26 million in combined losses at an average of $250,000 per wallet.

According to data shared by Bubblemaps analysis published on Aug. 27, 70,201 traders interacted with the token, resulting in 51,862 tanking losses.

West’s controversial token launch on Solana reached a market capitalization over $3 billion before collapsing by over 90% within hours.

Data reveals stark inequality in outcomes, with only 11 wallets (0.015%) generating profits exceeding $1 million each. These successful traders captured $18.9 million in combined gains.

The loss distribution shows that traders with larger positions bore the heaviest burden. Wallets losing between $10,000 and $100,000 totaled roughly $25.4 million, with 917 addresses sharing an average loss of $27,700.

An additional 4,244 traders lost between $1,000 and $10,000, with an average loss of...

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