Linked Wallets Expose $23M Insider Scheme Behind YZY and LIBRA Token Launches

An onchain investigation revealed that a wallet involved in Kanye West’s YZY token launch was linked to a similar wallet used during the LIBRA token launch, extracting a combined $23 million through suspected insider trading. The YZY sniper wallet bought $250,000 worth of tokens early at $0.20, profiting over $1 million within minutes. Both Nansen and Cyvers confirmed the wallet overlaps, suggesting the same actor or group orchestrated both schemes. YZY briefly reached a $3 billion market cap before falling over 60%, with ongoing questions about insider knowledge and coordinated trading tactics. What do you think about the YZY token?

All memecoins are same, taking money from people pockets into their own.