28-8-2025 – Blockchain analytics firm Bubblemaps reported that 73.8% of traders in Kanye West’s Solana-based YZY memecoin suffered losses totaling $74.8 million, while a small group of wallets secured the majority of profits. The analysis covers 70,201 wallets that traded YZY since its launch on August 21. Of these, 51,862 incurred net losses, with 1,025 wallets losing more than $10,000 each.
In contrast, 18,333 wallets profited $66.6 million overall, but 86% of them earned under $1,000. Notably, 11 wallets captured nearly 30% of all gains, highlighting severe profit concentration. YZY, promoted by West as a tool for financial independence from centralized control, surged to a $3 billion market cap shortly after debut before plummeting 70% within hours. Bubblemaps attributed the disparity to market manipulation, including sniping by automated bots and insider trading.
The updated $YZY numbers are worse than we thought
70,000+ total traders
> 51,862 lost $1–$1k
> 5,269 lost $1k–$10k
> 1,025 lost $10k–$100k
> 108 lost $100k–$1M
> 3 lost $1M+Meanwhile, 11 wallets made $1M+ pic.twitter.com/I9ZaBJepAM
— Bubblemaps (@bubblemaps) August 27, 2025
The platform identified “Naseem,” a trader who profited $100 million from Donald Trump’s memecoin, as YZY’s first buyer. Separately, Hayden Davis, linked to failed projects like Libra, allegedly earned $12 million through early snipes. Bubblemaps stated in an X post on August 27 that such tactics expose industry flaws, with repeated actors exploiting launches.
