A Solana whale just torched $712K in four hours. He aped into @Solana’s newest memecoin, $YZY, with $768K. The chart ripped.
Market cap touched $134M (CMC) before crashing. By the time he rage-sold, his stack was worth just $56K.
The wipeout lit Crypto Twitter on fire.
NEW: A whale bought $768K of @Solana memecoin $YZY, its market cap spiked to $134M and then dropped instantly. Just 4 hours later, he sold it for $56K — a ~$712K loss. pic.twitter.com/RpTFW2uIw8
— SolanaFloor (@SolanaFloor) August 20, 2025
Behind $YZY is @finnbags, Founder & CEO of @BagsApp. Last night he launched the token himself. CT says he pulled a Sahil move: making memes, farming his own referrals, and steering liquidity.
hey @kanyewest
we made a $YZY coin for you on @BagsApp
You get 100% of royalties earned from the trading volume of the coin.
$50K has already been raised for you in the first 10 minutes.
70% of the supply is locked and can be transferred to you on a vesting schedule.…
— FINN (@finnbags) August 19, 2025
The setup was wild:
FINN bought 70% of supply at launch.
100% of trading fees went straight to Kanye West’s wallet.
Market went full PvP. Cap nearly hit $13M (CMC) within hours.
Then Finn tweeted at @kanyewest, telling him to “claim” the fees.
Traders weren’t laughing.
The chart nuked. Market cap dumped to $1.5M (CMC) overnight. Theories flew. Some pointed at Wintermute, calling it a money laundering op. Others just said it felt like a clout grab gone wrong.
The backlash didn’t stop at the token.
Clips of Finn’s old stream with @MrBeast resurfaced, no crypto talk in sight. Later, his appearance on @notthreadguy’s stream made things worse. Excuses didn’t land. Trust cratered.
Every token tied to him bled.
The “launch for Ye” meme collapsed before it even got traction.
A few influencers like @SOL_IDNESS defended him, arguing intentions weren’t bad. But the larger CT consensus? If Kanye is already a billionaire, why would he ever need a memecoin fee drop?
As the drama grew, @StalkHQ traced the $YZY chart. Turns out, much of the run was botted.
The dev botted the fake $yzy chart and pushed it all the way to $82M market cap, yet only made $3.62K in Pumpfun @pumpdotfun creator rewards.
This shows the dev isn’t making much from rewards, meaning their main profit path could be through rugging the token instead. https://t.co/cFstowO0Nm pic.twitter.com/5EMgRiwVGr
— Stalkchain (@StalkHQ) August 20, 2025
On Pumpfun, the dev pushed the chart all the way to $82M market cap, but only earned $3.62K in creator rewards.
That mismatch tells a story.
If devs don’t make money from Pumpfun rewards, their main incentive leans toward rugging.
Compare it to imperfect, another Pumpfun token. Market cap sits at just $1.27M (CMC). Yet its creator already pulled $3.53K in rewards. Smaller, but more sustainable.
The difference is clear: organic community-driven growth pays creators better. Botted pumps may look strong, but they usually collapse fast, leaving exit scams as the only profit path.
1. Pumpfun doesn’t reward fake pumps. When a chart rockets but creator rewards stay tiny, it’s often bot-driven.
2. Organic traction is king. Tokens that build communities see rewards track closely with their growth.
3. Red flag signal. High market cap + low rewards = botting risk, and often rugs.
It’s exactly what happened with $YZY. The chart went vertical, but the mismatch gave it away. And when the smoke cleared, the whale’s $768K entry became a $56K exit.
For CT, the episode blends two familiar storylines: whales getting torched chasing hype, and founders turning launchpads into personal casinos. The Kanye angle just made it messier.
What was pitched as a “token for Ye” ended up as another quick pump, another crash, another bag burned.
And it leaves a blunt takeaway:
If a billionaire like Kanye isn’t claiming it, maybe you shouldn’t either.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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