Lookonchain: It is suspected that multiple internal wallets have been informed in advance of the $YZY contract Address for Arbitrage.

robot
Abstract generation in progress

PANews reported on August 21 that Kanye West (@kanyewest) launched the $YZY Token, injecting only $YZY into the liquidity pool, without $USDC. Developers can sell tokens by adjusting liquidity, similar to $LIBRA. Multiple internal wallets prepared funds in advance and quickly bought $YZY, with wallet 6MNWV8 having prior knowledge of the contract address, spending 450,611 USDC to purchase 1.29 million $YZY at $0.35, and later selling 1.04 million $YZY for 1.39 million USD, leaving 249,900 $YZY (approximately 600,000 USD), making over 1.5 million USD in profit. In addition, an investor suspected of having information about Kanye West's issued token lost $710,000 by buying the wrong $YZY. About 40 minutes ago, this investor bought the legitimate $YZY for $761,000 and has now made a profit of over $710,000, recovering the previous loss.

WEST1.83%
USDC0.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)