Kanye West Launches $YZY on Solana, Price Skyrockets – Should You Buy YZY Now?

Kanye West has officially entered crypto. The rapper and entrepreneur launched his own token, $YZY, on the Solana blockchain – and the market reaction was immediate.

Within minutes of launch, $YZY’s market cap exploded from around $200 million to $1.88 billion, an 881% surge in under 10 minutes. At its peak, the token briefly touched $3 billion before cooling off to about $1 billion at press time. Liquidity also poured in, with over $120 million added instantly.

The hype around $YZY is massive, giving the kind of “peak bull market vibes” that the crypto space hasn’t seen in months.

Source: DEXScreener How It Compares to Trump’s Coin

The launch recalls what happened in January when Donald Trump released his token. That coin hit a $10 billion market cap in just two days, sending shockwaves across the industry. But the aftermath wasn’t as glamorous – the wider market soon experienced sharp corrections, with many tokens crashing once the hype cooled.

With Kanye’s $YZY now making headlines, many traders are drawing parallels. The explosive gains may look incredible, but history shows that these hype-driven launches are often followed by heavy volatility.

Read also: Here’s the XRP Price if BlackRock Files for a Ripple ETF

Red Flags and Risks

Not everything about the launch looks clean. Reports suggest that insider wallets were pre-funded and bought in early, giving them a massive advantage over retail buyers.

Another concern is the liquidity setup. So far, the pool only includes $YZY, with no $USDC backing it. This structure is similar to the failed $LIBRA launch, where liquidity quickly shifted out, causing chaos for late entrants.

Kanye West launches $YZY on Solana Exploded to $2B market cap in 5 mins Over $120M liquidity added Only $YZY in liquidity — no $USDC Liquidity shift risk, similar to $LIBRA Insider wallets pre-funded and bought earlyHype is massive, but so are the red flags.… pic.twitter.com/OBNirz1oFq

— Crypto Patel (@CryptoPatel) August 21, 2025

These are clear red flags. Traders should be cautious, as the current setup favors early insiders who could cash out at any time.

Should You Buy $YZY Now?

If you’re thinking about jumping in, timing is everything. At press time, $YZY is already cooling from its $3B peak to around $1B, indicating that early backers are taking profits. This is a common pattern for celebrity tokens – a massive pump at launch followed by a sharp dip.

The best move for retail investors may be to wait for pullbacks rather than aping in at inflated prices.

The hype is real, but so are the risks. Between insider buying, questionable liquidity, and parallels with past crashes, traders should be careful with this one.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Kanye West Launches $YZY on Solana, Price Skyrockets – Should You Buy YZY Now? appeared first on CaptainAltcoin.