Within hours of trading, the token delivered a brutal lesson in volatility, wiping out half a million dollars from one […] The post Trader Loses $500K in Hours as Kanye’s Yeezy Coin Crashes appeared first on Coindoo.Within hours of trading, the token delivered a brutal lesson in volatility, wiping out half a million dollars from one […] The post Trader Loses $500K in Hours as Kanye’s Yeezy Coin Crashes appeared first on Coindoo.

Trader Loses $500K in Hours as Kanye’s Yeezy Coin Crashes

2025/08/22 06:30
2 min read

Within hours of trading, the token delivered a brutal lesson in volatility, wiping out half a million dollars from one unfortunate investor.

Blockchain data shows that a trader behind wallet 6ZFnRH deployed 1.55 million USDC to scoop up nearly one million YZY tokens at $1.56 apiece. But the hype quickly unraveled. As liquidity dried up, prices collapsed below the $1 mark, forcing the whale to capitulate at $1.06 and walk away with a devastating $500,000 loss in less than two hours.

Speculators Double Down Despite Crash

Instead of cooling interest, the collapse has only fueled more risky bets. High-profile trader Machi Big Brother revealed a 3x leveraged long position worth 570,000 YZY, signaling confidence that the memecoin’s wild swings can be exploited for rapid gains.

READ MORE:

Coinbase Sounds Alarm on Trump’s Stablecoin USD1 Before Trading Launch

Adding to the frenzy, Kanye West himself stepped into the action, depositing 30 million YZY ($34 million) into liquidity pools on decentralized exchange Meteora. His strategy places a trading band between $3.17 and $4.49. If the token climbs past the upper limit, West could potentially cash out $134 million at peak prices.

A Perfect Storm of Hype and Risk

The mix of whale liquidations, leveraged bets, and celebrity-backed liquidity injections has created a storm of speculation around YZY. For now, however, the token is struggling to maintain momentum, slipping below $1 and raising fresh doubts about whether Yeezy Money can sustain its hype-fueled run.


The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Trader Loses $500K in Hours as Kanye’s Yeezy Coin Crashes appeared first on Coindoo.

Market Opportunity
TokenFi Logo
TokenFi Price(TOKEN)
$0.003915
$0.003915$0.003915
-3.52%
USD
TokenFi (TOKEN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

The post Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment? appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 17:39 Is dogecoin really fading? As traders hunt the best crypto to buy now and weigh 2025 picks, Dogecoin (DOGE) still owns the meme coin spotlight, yet upside looks capped, today’s Dogecoin price prediction says as much. Attention is shifting to projects that blend culture with real on-chain tools. Buyers searching “best crypto to buy now” want shipped products, audits, and transparent tokenomics. That frames the true matchup: dogecoin vs. Pepeto. Enter Pepeto (PEPETO), an Ethereum-based memecoin with working rails: PepetoSwap, a zero-fee DEX, plus Pepeto Bridge for smooth cross-chain moves. By fusing story with tools people can use now, and speaking directly to crypto presale 2025 demand, Pepeto puts utility, clarity, and distribution in front. In a market where legacy meme coin leaders risk drifting on sentiment, Pepeto’s execution gives it a real seat in the “best crypto to buy now” debate. First, a quick look at why dogecoin may be losing altitude. Dogecoin Price Prediction: Is Doge Really Fading? Remember when dogecoin made crypto feel simple? In 2013, DOGE turned a meme into money and a loose forum into a movement. A decade on, the nonstop momentum has cooled; the backdrop is different, and the market is far more selective. With DOGE circling ~$0.268, the tape reads bearish-to-neutral for the next few weeks: hold the $0.26 shelf on daily closes and expect choppy range-trading toward $0.29–$0.30 where rallies keep stalling; lose $0.26 decisively and momentum often bleeds into $0.245 with risk of a deeper probe toward $0.22–$0.21; reclaim $0.30 on a clean daily close and the downside bias is likely neutralized, opening room for a squeeze into the low-$0.30s. Source: CoinMarketcap / TradingView Beyond the dogecoin price prediction, DOGE still centers on payments and lacks native smart contracts; ZK-proof verification is proposed,…
Share
BitcoinEthereumNews2025/09/18 00:14
The United Nations launches the "Global Dialogue on Artificial Intelligence Governance" mechanism

The United Nations launches the "Global Dialogue on Artificial Intelligence Governance" mechanism

PANews reported on September 26th that, according to CCTV News, the United Nations held a high-level meeting on the 25th local time to launch the "Global Dialogue on Artificial Intelligence Governance." In his speech, UN Secretary-General António Guterres described it as a major global platform for focusing on this transformative technology. Guterres stated that the goals of the global dialogue are clear: to help build safe, reliable, and trustworthy AI systems based on international law, human rights, and effective oversight; to promote synergy between governance systems, aligning rules, reducing barriers, and fostering economic cooperation; and to encourage open innovation, including open source tools, that is accessible to all.
Share
PANews2025/09/26 14:49
XRPL Validator Reveals Why He Just Vetoed New Amendment

XRPL Validator Reveals Why He Just Vetoed New Amendment

Vet has explained that he has decided to veto the Token Escrow amendment to prevent breaking things
Share
Coinstats2025/09/18 00:28