Bubblemaps Reveals Shocking YZY Stats — Over 50,000 Traders Lose Big

Kanye West’s foray into crypto with his YZY memecoin has taken a rough turn. Data from blockchain analytics firm Bubblemaps shows that while the launch drew tens of thousands of wallets, the majority of holders have been left with losses only days after the token’s debut.

Losses for the many, profits for the few

According to Bubblemaps, 51,862 wallets out of 70,201 traders, nearly 74%, are currently underwater on their YZY positions. In dollar terms, that adds up to around $74.8 million in losses, with more than 1,000 wallets losing over $10,000 each.

On the other side of the trade, roughly 18,333 wallets managed to make money, pulling in a combined $66.6 million in profits. But most of those gains were modest, with 86% of profitable wallets making less than $1,000. Almost 30% of all profits were concentrated in just 11 wallets, each earning over $1 million.

For context, YZY has once recorded over $3 billion in market cap, however, at the time of writing, YZY sits at a market cap valuation of $72.2 million, a more than 90% drop from its peak.

The numbers pretty much reflect a familiar dynamic in high-profile token launches, where early access and insider positioning tend to define outcomes.

Insider trading claims surface

YZY’s price collapsed by nearly 70% within hours of its launch, with many in the crypto community pointing to signs of insider trading and “sniping,” where bots and well-connected traders scoop up supply before retail investors can react.

Bubblemaps named two figures in particular: a pseudonymous trader known as “Naseem,” previously linked to Donald Trump’s memecoin, and Hayden Davis, who the firm claims made $12 million by sniping YZY.

“The playbook is simple: Infiltrate big launches, get in early, and extract millions. It’s happening in plain sight, and no one is stopping it,” Bubblemaps wrote in a post on X.

West had once said he wouldn’t launch a token because memecoins “prey on the fans with hype.” But with YZY now live, and already facing scrutiny, the project has become another case study in the risks of celebrity crypto launches.

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