Kanye West Drops YZY Token After Rocky History With Crypto

Summary: What happened when Kanye West launched the YZY token? Kanye West debuted the YZY token on the Solana blockchain, and it initially surged to a $3 billion market capitalization. Early insider sales caused most of those gains to vanish, and the token later fell to around $103 million. The majority of YZY tokens were concentrated among insiders, with one wallet holding 87% of the total supply. Grammy-winning rapper Kanye West, also known as Ye, has debuted the YZY token on the Solana blockchain source: https://news.shib.io/2025/08/22/kanye-west-drops-yzy-token-after-rocky-history-with-crypto/