The launch of the YZY meme coin by rapper Kanye West has garnered the attention of the crypto community. A new report from Bubblemaps analyzes investment results in this asset, revealing that most participants suffered losses.
Investment Results in YZY
According to the report from Bubblemaps, 74% of the 70,201 investors in YZY incurred losses. The launch took place on August 21, 2025, following months of rumors about the project, leading to community criticism over potential insider involvement. Among the traders:
* **18,333 (26.11%)** made a total of $66.64 million profit. * **51,862 (73.89%)** lost $74.84 million.
Profitable Wallets and Their Owners
Notably, Hayden Davis, co-founder of the controversial LIBRA project, was able to profit from YZY. He started buying the asset right after the announcement and sold it at substantial gains. Among the profitable wallets:
* 11 earned over $1 million each. * 2,541 earned between $1,000 and $10,000. * 15,040 earned up to $1,000.
This means around **30% of total profits** came from just 11 wallets, highlighting a stark imbalance in profit distribution.
Criticism and Fairness Concerns
The report did not clarify whether unrealized gains and losses were included, but the imbalance is evident. Only a small fraction of traders gained significant returns, while the majority lost money. Three addresses lost more than $1 million, with thousands more losing substantial amounts. This early distribution pattern raises questions about fairness and transparency in high-profile memecoin launches.
The launch of the YZY meme coin highlights the volatility and risks associated with celebrity-backed cryptocurrencies. While a few traders profited massively, the majority of investors suffered losses, emphasizing the importance of caution in crypto speculation.
