Wednesday night’s launch of the YZY token on Solana, the new cryptocurrency associated with hip-hop artist Kanye West, sometimes known as Ye, appears to have attracted memecoin trading veterans.
According to blockchain analysis firm Bubblemaps, the first buyer of YZY, a familiar trader known as “Naseem,” spent $250,000 in USDC to acquire nearly $1.2 million YZY tokens.
The pseudonymous crypto trader previously turned a $1 million investment into President Donald Trump’s Official TRUMP memecoin into $100 million of profit, according to Bubblemaps. The platform called Naseem an “expert sniper with a proven track record.”
Following the purchase, the wallet quickly executed two sales totaling about $535,000 and added then removed liquidity from a Meteora pool multiple times, receiving about $1.02 million in USDC stablecoins, blockchain data show.
The wallet was able to make the first purchase despite what the YZY Money website calls an “anti-sniping system.”
“25 contract addresses (CA) for the YZY have been deployed, with one selected at random for the official YZY,” the website states. “This dissuades snipers by making it a 1/25 change for selection of the right CA, putting power back into the hands of real traders.”
In fact, the YZY team apparently made as many as 50 replica wallets to dissuade snipers, blockchain data show, with some seeing small transaction activity from would-be snipers.
The launch came as a reversal of Ye’s prior proclamation from February that such coins “PREY ON THE FANS WITH HYPE,” sparking some initial confusion over whether the token was official. Ye promoted the token’s launch with a short video posted to X.
The Block was unable to immediately reach the YZY Money team or Naseem for comment.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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