Whale Tied to $100M TRUMP Gains Linked to Kanye West’s YZY Token Crash

Bubblemaps has linked a major trader known as “Naseem” to Kanye West’s YZY token launch on Solana, and it’s raising...

Quick overview

  • Bubblemaps has linked trader Naseem to Kanye West's YZY token launch, raising concerns about insider trading in the meme coin market.
  • Naseem turned a $1 million investment in the TRUMP token into over $100 million in profits and was the first buyer of YZY, investing $250,000 shortly after its launch.
  • YZY's market cap soared to $3 billion before collapsing 73%, highlighting the risks for retail investors as early whales profit significantly.
  • Bubblemaps questions the pattern of insider access in meme coin launches, suggesting that the concentration of token supply poses risks for latecomers.

Bubblemaps has linked a major trader known as “Naseem” to Kanye West’s YZY token launch on Solana, and it’s raising more questions about insider trading in the meme coin market.

Naseem was in the news in February when he turned a $1 million bet on the TRUMP token into over $100 million in profits. Bubblemaps’ latest analysis shows he was the first buyer of YZY, and how he always gets early access to big token launches.

On-chain records show Naseem invested $250,000 in USDC seconds after YZY went live, bought $1.2 million worth of tokens despite the alleged “anti-sniping” mechanism. He sold $535,000 in YZY, rotated liquidity multiple times in a Meteora pool, and walked away with $1.02 million in USDC profits.

  • Initial YZY buy: $250,000 USDC
  • Profits from sales: $535,000
  • Liquidity pool net: $1.02 million USDC

YZY Market Cap Soars, Then Collapses

YZY launched on August 21 and went bonkers. Within hours, its market cap hit $3 billion. Prices went to $3.163, a 1,400% rally from launch.

But the rally was short lived. Within days, YZY collapsed 73% to $0.73. According to TradingView, it’s down 7.33% in the last 24 hours. It’s the same pattern we see with every meme coin cycle: early whales make big profits, latecomers get crushed.

Blockchain shows YZY’s supply is super concentrated:

  • Top 6 wallets hold over 90% of supply
  • Naseem and friends: $800,000 in profits, $600,000 still held
  • One whale made $1.3M from a $2.2M investment
  • A retail wallet lost $1.8 million

This concentration is a big risk for retail investors who get crushed when liquidity is controlled by a few early entrants.

Bubblemaps Questions Insider Advantage

Bubblemaps is questioning how Naseem always gets “first in line” for meme coin launches, from TRUMP to Libra and now YZY. The firm says the overlap between wallets can’t be a coincidence, it’s a pattern of insider access.

YZY Price Chart - Source: Tradingview
YZY Price Chart – Source: Tradingview

The parallels between TRUMP and YZY are eerie: a small group of traders made big profits early, the rest of the market got crushed. For regulators and investors alike, it’s a reminder of the risks of unregulated token launches where transparency and distribution are opaque.

Conclusion

YZY’s rise and fall is the crypto launch cycle in a nutshell. Whales like Naseem make millions early, retail gets left holding the bag. Bubblemaps’ findings adds to the debate on insider advantages in crypto’s wild west.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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