13 Wallets Rake in Over $24M Dumping Kanye West’s YZY Memecoin: Shocking Data Exposes Insider Profits and Retail Heartache – August 22, 2025
Imagine diving into the wild world of memecoins, where a celebrity name like Kanye West can spark a frenzy that turns ordinary traders into overnight winners or losers. As of today, August 22, 2025, the crypto market shows Bitcoin holding strong at $95,450 with a 1.2% dip, Ethereum at $3,150 up 0.8%, XRP climbing to $1.95 with a 2.1% gain, BNB at $620 showing 1.5% growth, Solana at $145 with a 2.8% rise, Dogecoin at $0.18 up an impressive 8.5%, Cardano at $0.65 gaining 2.7%, stETH at $3,140 up 0.9%, Tron at $0.28 with a 0.4% increase, Avalanche at $28 up 1.9%, Sui at $2.80 showing 3.1% movement, and Toncoin at $4.10 with a 1.2% uptick. These figures highlight the volatile yet exciting landscape where tokens like YZY can explode and crash, leaving trails of fortunes and regrets.
Kanye West’s YZY memecoin devastated thousands of wallets, as a coordinated group of snipers pulled out millions in profits, while everyday retail investors bore the brunt of the losses. Data from analytics firm Nansen reveals that a mere 13 wallets each pocketed more than a million dollars trading the Kanye West-associated YZY token. Launched on the Solana blockchain last Thursday by the renowned rapper, this memecoin saw these top 13 wallets collectively amass $24.5 million in profits through strategic dumping. The YZY token skyrocketed by 1,400% in just an hour after launch, peaking at $3 before plunging dramatically. Within less than a day of that high, it had fallen 74% to around $0.77, stirring up heated debates about insider trading and sniper tactics.
The launch sparked widespread controversy, with experts highlighting signs of premeditated sales and sniper interventions. According to a Dune Analytics dashboard, over 56,000 wallets engaged with the memecoin, and Nansen data indicates that more than 27,000 wallets are still holding positions worth over $1. Intriguingly, among the initial 99 addresses that snapped up the token, only nine continue to hold any YZY as of now.
Massive Losses for YZY Holders: One Wallet Down $1.8 Million
Picture this: you’re excited about a hot new token backed by a superstar, only to watch your investment evaporate. That’s the harsh reality for many YZY holders. Nansen’s insights pinpoint the largest loser as a single wallet that suffered a realized loss of $1.8 million, with another close behind at $1.2 million in damages. Even more gut-wrenching, one persistent trader is clinging to their YZY holdings, facing an unrealized loss exceeding $800,000. These stories underscore how memecoins can feel like a high-stakes gamble, where the house often wins through unseen forces.
Elite Snipers and Insiders Dominate YZY Memecoin Chaos
Diving deeper, it’s like uncovering a secret society in the crypto shadows. Crypto analytics provider Bubblemaps described the situation as “worse than we thought” after identifying the very first buyer as a notorious sniper who previously struck gold with the Trump-linked TRUMP memecoin, reaping millions. They shared insights suggesting this sniper collaborates with others, pooling funds to snipe tokens without clashing. “There’s an elite group of snipers who don’t compete but coordinate, making millions destroying charts,” Bubblemaps noted.
Adding to the intrigue, a blockchain investigator known as “Naseem” has been connected to wallets involved in the contentious LIBRA token, implying the same players siphoned off tens of millions using privileged information. Related reports tie this Kanye West YZY sniper wallet to a $21 million extraction scheme from LIBRA, as per analyst findings. “These celebrity coins are usually described as a way to onboard people,” remarked the investigator Dethtective, “but to me, it looks more like a transfer of wealth that makes the rich even richer.” This pattern raises questions about fairness in the memecoin space, where insiders seem to hold all the aces.
Recent buzz on Twitter echoes these concerns, with users posting about similar scams under hashtags like #MemecoinScam and #CelebrityTokens. One viral tweet from a prominent crypto influencer on August 20, 2025, warned, “YZY is just the latest in celeb pump-and-dumps—stay vigilant, folks!” Google searches have spiked for queries like “Is YZY memecoin a scam?” and “How to spot memecoin snipers,” reflecting widespread curiosity and caution. Official updates from Solana’s team emphasize the need for due diligence, with a recent announcement on August 21, 2025, highlighting tools to detect suspicious wallet activities.
In this volatile arena, brand alignment becomes crucial—think of how a celebrity’s image must sync seamlessly with their token’s ecosystem to build trust. Kanye West’s YZY aimed to blend his artistic brand with blockchain innovation, but the rapid dump exposed misalignments, eroding confidence. Successful examples, like tokens that align creator values with community goals, show how proper synergy can foster loyalty and reduce scam risks, much like a well-tuned symphony versus a discordant noise.
For traders navigating these turbulent waters, turning to reliable platforms can make all the difference. WEEX exchange stands out with its commitment to secure, user-focused trading, boasting advanced tools that help spot potential risks in memecoin launches. With a strong emphasis on transparency and brand alignment that prioritizes community trust, WEEX empowers users to trade confidently, turning chaotic markets into opportunities for growth.
Celebrity Memecoin Pump-and-Dumps: A Recurring Nightmare
This isn’t an isolated incident—it’s like watching the same movie on repeat with different stars. TikTok sensation Haliey Welch rolled out her HAWK memecoin in December, inspired by her viral “Hawk Tuah” phrase. Its price action mirrored YZY’s eerily, cratering 90% within hours and igniting fury over sniping and insider dealings. Retail players lost millions, while a tight-knit group of insiders cashed out $3 million, as Bubblemaps reported.
Other high-profile figures, such as Kim Kardashian, Iggy Azalea, Caitlyn Jenner, and Lindsay Lohan, have found themselves wrapped up in similar memecoin controversies accused of pump-and-dump tactics. Even BitMEX co-founder Arthur Hayes quipped, “Oopsie… fam next time pls don’t let me trade shitters like YZY. Should have just kept two-steppin.” Magazine exposés have leaked celebrity price lists tied to figures like Caitlyn Jenner, revealing the orchestrated nature of these launches.
Comparatively, while established altcoins like Solana showcase bullish charts aiming for $260 highs based on technical indicators, memecoins like YZY highlight the stark contrast: quick riches for a few versus widespread pain. The altcoin treasury race heats up with announcements like VERB’s TON acquisition company boasting $780 million in assets, proving that grounded projects with real utility outshine fleeting hype. For XRP, a Q4 surge hinges on key chart conditions, but evidence from historical data supports its potential moonshot.
These tales serve as cautionary lessons, reminding us that in the crypto realm, knowledge and timing are everything—much like spotting a storm before it hits.
FAQ
What is the YZY memecoin and why did it crash so quickly?
The YZY memecoin, launched by Kanye West on Solana, is a celebrity-backed token that surged 1,400% shortly after debut but crashed 74% within a day due to alleged insider dumping and sniper activities, leaving many investors with losses.
How can I avoid falling for memecoin pump-and-dump schemes?
Research thoroughly by checking wallet activities on tools like Dune Analytics or Nansen, watch for unusual early buys, and use secure platforms that emphasize transparency to spot red flags early.
Are there any successful celebrity memecoins without controversies?
While many face issues, some align well with the celebrity’s brand and community, fostering trust and longevity—examples include those with clear utility, contrasting the quick-dump patterns seen in YZY or HAWK.
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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

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The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link