Kanye West, also known as Ye, introduced the YZY token on Solana, witnessing a rapid surge to $3 billion in value shortly after launch. However, concerns about potential insider trading led to a significant drop in its market capitalization.

Kanye West's YZY token is making headlines in the crypto space, but for the wrong reasons, including massive insider activity.

The apparent celebrity-backed token surged thousands of percent at launch, but on-chain data points to concentrated control, insider trades and a liquidity design that leaves retail investors exposed.