Kanye West Debuts “YZY” Meme Coin on Solana, Market Cap Soars to $3 Billion

Updated

August 21, 2025

Gambar Kanye West Debuts “YZY” Meme Coin on Solana, Market Cap Soars to $3 Billion

Jakarta, Pintu News – Famed rapper Kanye West recently launched a new meme coin called YZY based on the Solana blockchain.

Within hours of launch, the market capitalization of the Solana meme coin had crossed the $3 billion mark, likely driven by investor euphoria.

West and his team have also set up a new ecosystem for YZY, which includes payment processing services and specialized cards.

Kanye West Launches Solana “YZY” Meme Coin

Based on data from GMGN, Kanye West’s Solana meme coin, YZY, quickly reached a market capitalization of $3 billion within just a few hours of launch.

However, on-chain data shows that the six largest holding addresses control 90.38% of the total supply of YZY tokens, raising concerns regarding overly concentrated ownership.

This announcement comes amidst renewed euphoria for Solana-based meme coins, where Pump.fun has recorded lifetime revenue of over $800 million.

Yeezy Money Introduces YE Pay & YZY Card

In addition to the launch of the meme coin, the official Yeezy Money website also introduced two additional products: YE Pay, a crypto payment processor, and the YZY Card, a debit card designed to make crypto asset transactions easier.

According to data from lp4fun, an address allegedly related to the development team (5wbbjk…Z6wMcp) added 30 million YZY tokens as one-sided liquidity to the YZY-USDC Meteora pool in the price range of $3.171607 to $4.492907, which is now the biggest resistance zone for YZY.

Social buzz regarding the YZY meme coin is very high, fueled by Kanye’s big name and the DeFi features the project offers.

However, some market analysts have questioned the extent of Kanye’s direct involvement and the legitimacy of the entire initiative.

While YE Pay and YZY Card present practical use cases with potential long-term value, the current momentum still seems to be driven more by speculation.

YZY Memecoin Suspected of Pump and Dump

The Solana meme coin launched by Kanye West is now showing a strong pump-and-dump pattern. According to Coingape (21/8), currently, the price of the YZY token has plummeted from over $3 to $1 in just three hours.

Based on market data, a trader who went short with 3x leverage on Hyperliquid is recording an unrealized profit of $202,000, equivalent to a 60.5% profit.

As a result of this fall, YZY, which had entered the ranks of the top meme coins on the Solana network, collapsed in just a few hours.

Some market experts have started calling the project a scam. Leading Ethereum contributor Anthony Sassal wrote:

“Another scam has hit the market. If you’re still buying into something like this, it’s probably worth losing money – take it as a lesson.”

Meanwhile, well-known businessman and crypto investor Arthur Hayes claimed to have bought this token. He even asked Kanye not to rug pull the investors.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference: