Ye’s Cryptocurrency YZY Soars and Collapses in Hours, Raising Alarms Over Insider Trading and Market Control⁠ ⁠ Blogged by: Cabbagepatchgrl⁠ ⁠ Trading data shows that Ye’s new cryptocurrency project, #YZY, reportedly produced one of the most explosive launches of the year.Within minutes of going live, the Solana-based token soared nearly one thousand percent and briefly reached a market capitalization of three billion dollars before collapsing to about $137 million, according to CoinGecko.⁠ ⁠ Despite the sharp fall, activity did not slow, with YZY recording more than $386 million in daily trading volume. The token now trades just above one dollar with roughly 130 million in circulation.⁠ ⁠ The concentration of ownership has already raised concerns. Market trackers revealed that the six largest wallets together hold over ninety percent of all YZY tokens, suggesting a high level of control among a small number of investors...to read the rest log on to BallerAlert.com (clickable link on p...