Kanye West Drops YZY Meme Coin On Solana As Insiders Make Millions, Analysts Say This Is Your Best Bet To Beat Them
The post Kanye West Drops YZY Meme Coin On Solana As Insiders Make Millions, Analysts Say This Is Your Best Bet To Beat Them appeared on BitcoinEthereumNews.com.
The crypto world is buzzing after Kanye West unveiled his Solana-based meme coin, YZY, triggering wild price swings and multi-million-dollar gains for early insiders. Within minutes, YZY skyrocketed nearly 1,000%, briefly hitting a $3 billion market cap before plummeting back under $150 million. For investors seeking a better, utility-driven alternative, functional altcoins like Remittix (RTX) are emerging as a smarter play, combining real-world use cases, growing adoption and strong infrastructure to capitalize on the crypto market’s continued growth. YZY Market Frenzy and Insider Gains Kanye West recently launched a Solana-based meme coin called YZY, sparking explosive trading activity. Within minutes, the token surged nearly 1,000%, briefly reaching a $3 billion market cap before dropping to around $137 million. YZY’s debut underscores the growing influence of celebrity-backed coins in the crypto space, with Solana’s low fees and fast transactions enabling viral adoption. While insiders have profited heavily, analysts suggest that functional altcoins like Remittix (RTX) could offer a safer and more strategic way to capitalize on crypto trends. YZY is currently trading near $0.0019, with massive volatility driving both gains and losses for traders. One insider reportedly spent $450,000 in USDC to buy 1.89 million tokens at $0.24, later selling 1.59 million for $3.37 million, netting over $3.4 million. Market concentration is extremely high, with six wallets controlling over 90% of supply. Analysts warn that while YZY generates hype, such celebrity-driven tokens often mirror previous meme coin collapses, making them risky for retail investors. Remittix Offers Real-World Utility Amid Meme Mania Amid meme coin turbulence, Remittix (RTX) presents a practical alternative. Currently priced at $0.0969, with over 614 million tokens sold and $20,7 million+ raised, Remittix focuses on cross-border payments, DeFi applications and crypto-to-fiat transfers. Key features include: Global Reach: Send crypto directly to bank accounts in 30+ countries Security First:…
Filed under: News - @ August 22, 2025 1:29 pm