YZY Crypto Price Crashes in an Instant, Another Celebrity Rug Pull?

The price of YZY coin collapsed after its market cap reached over $3 billion, and the event happened so quickly that it practically became the center of attention.

The YZY crypto, believed to be affiliated with international celebrity Kanye West, adds to the long list of rug pull scandals involving top artists.

Regardless of whether Kanye West's affiliation with YZY coin is true or not, this event serves as a lesson to remember.

Introduction to YZY Crypto

The cryptocurrency space never runs out of surprises, and the latest drama comes from YZY crypto, also known as YZY Money. When it first launched, the coin exploded with hype. 

Within just 40 minutes, the YZY price shot up to nearly $3 billion in market cap, an insane number even by crypto standards.

But the excitement didn’t last long. Just as quickly as it went up, the YZY crypto price crash wiped out billions, leaving many traders wondering if they had just witnessed another celebrity rug pull.

The project branded itself as “A New Economy, Built On Chain,” complete with big promises like Ye Pay (a payment processor) and even a YZY spending card. 

Read Also: Kanye West's YZY Meme Coin Chaos - Whale Dumps Millions

On the surface, it sounded like more than just a meme coin. But once people looked under the hood, the reality turned out to be far less glamorous.

Is it Related to Kanye West?

Naturally, the first question on everyone’s mind was: Is this Kanye West’s coin? After all, the token name “YZY” and branding make a clear reference to his Yeezy empire.

Here’s the truth: as of now, there’s no proof Kanye West is directly involved with YZY Money.

The project appears to have borrowed his name and image for hype rather than an official launch from Ye himself. 

This kind of branding tactic isn’t new in crypto; memecoin creators often tie their tokens to celebrities without permission, knowing it will pull in curious investors.

So while many people rushed in thinking this was “Kanye crypto,” there’s no evidence the rapper had anything to do with it.

The Crashes of YZY Crypto Prices

The rise and fall of the YZY coin was brutal. 

After hitting $3 billion in value, the token collapsed by more than 60%, falling back down to around $1 billion in hours.

Trading volume stayed high, nearly a billion dollars worth of YZY exchanged hands in a single day, but the volatility left many people shaken. 

Some saw life-changing profits if they timed it right, while others lost big in the blink of an eye.

Insider Participation

Source: https://x.com/lourdesanchezok

The most troubling part? The numbers suggest the game was stacked from the start.

• Around 94% of YZY’s total supply was held by insiders.
• One wallet alone controlled about 87% of the supply before trading opened.
• Insiders were able to sell early and walk away with millions.

One wallet in particular was tracked buying roughly $450,000 worth of YZY, then dumping it for $1.39 million, pocketing about $1.5 million profit within hours. 

Another insider reportedly made around $6 million.

Read Also: How to Identify a Rug Pull in Crypto

Meanwhile, unlucky buyers were left holding the bag. One trader lost $710,000 in a single mistake. 

These numbers make it hard not to see YZY’s launch as a textbook case of an insider-driven pump and dump.

Long List of Crypto Rug Pulls Involving Celebrities

The YZY crypto crash isn’t the first time a coin tied to a famous name has gone sideways.

Over the years, we’ve seen plenty of so-called “celebrity coins” collapse, often leaving regular investors in ruins:

Kim Kardashian & EthereumMax (EMAX) – Promoted on Instagram, then later hit with an SEC fine for misleading investors.

Logan Paul’s CryptoZoo – Marketed as a revolutionary NFT game, but it turned into a mess of broken promises and accusations.

Soulja Boy & SafeMars – Another short-lived promotion that ended with investors taking heavy losses.

Floyd Mayweather & Centra Tech – Promoted what turned out to be an outright scam, leading to SEC charges.

Read Also: Understanding Celebrity Tokens in Crypto

The pattern is familiar: use a celebrity name (whether they’re truly involved or not), generate buzz, pump the price, and then watch it collapse. 

YZY fits neatly into that long, and growing, list.

Lessons for Us

So, what can we take away from this?

The yeezy crypto crash is more than just another crazy crypto story. It’s a reminder for all of us to stay cautious:

1. Always verify the source – Just because a coin uses a celebrity’s name doesn’t mean they’re behind it. Look for official confirmation.

2. Check token distribution – If insiders hold nearly all the supply, you’re betting against them.

3. Look at liquidity setup – One-sided liquidity pools (like YZY’s) are a huge red flag. They give developers too much control.

4. Don’t FOMO – If you’re hearing about it on Twitter (X) after launch, chances are you’re already late.

5. Expect regulators to notice – With scams piling up, regulators will keep cracking down on projects that mislead investors.

Final Note

The YZY Money coin crash was fast, brutal, and costly for many who got caught up in the hype.

It reached $3 billion in minutes, but insider wallets and uneven distribution meant the crash was almost inevitable.

Most importantly, there’s no solid evidence Kanye West had anything to do with YZY crypto.

That makes this look less like a Yeezy-backed innovation and more like another case of opportunists using a celebrity brand to pump a token.

For crypto investors, the lesson is clear: hype is cheap, but losses are real. 

Whether it’s YZY crypto, EthereumMax, or any future “celebrity coin,” the only safe bet is to stay sharp, do your research, and never risk more than you’re willing to lose.

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FAQ

What is YZY Money in crypto?

YZY Money is a memecoin launched on the Solana blockchain, branded with Kanye West’s “YZY” name. It was pitched as part of a broader ecosystem, including Ye Pay (a payment service) and a YZY card. However, there’s no official confirmation that Kanye West himself is involved in the project.

Why did the YZY crypto price crash so fast?

The YZY crypto price crash happened because insiders controlled nearly all of the token supply. Reports show that around 94% of the supply was held by insiders, allowing them to sell quickly for massive profits, which caused the market cap to collapse after reaching $3 billion in less than an hour.

Is Kanye West behind YZY Money?

No, there is no verified evidence that Kanye West launched or endorsed YZY Money. The coin used his Yeezy branding, but blockchain analysts and crypto news outlets stress that Ye himself has not confirmed any connection.

Is YZY crypto a rug pull?

While not officially labeled a rug pull, the YZY crash shows many of the same warning signs: extreme insider control, one-sided liquidity pools, and rapid profit-taking. These factors left retail investors exposed to heavy losses, which is why many in the community consider it a “celebrity rug pull” scenario.

What lessons can investors learn from the YZY crypto crash?

The YZY crash reminds investors to verify celebrity involvement, check token distribution, and avoid rushing in during hype-driven launches. Coins that rely on celebrity names often collapse quickly, and most of the profits usually go to insiders, not retail buyers.