TechFlow news, August 21 — On-chain analytics platform Lookonchain (@lookonchain) posted on social media stating, "Although Kanye West officially launched YZY, currently only YZY has been added to the liquidity pool, with no USDC. Developers can sell YZY by adding or removing liquidity, similar to LIBRA.
Multiple insider wallets had funds ready and immediately bought YZY right after the announcement. The insider wallet 6MNWV8 knew the contract address in advance and even attempted a purchase yesterday.
Today, 6MNWV8 spent 450,611 USDC to buy 1.29 million YZY at $0.35 each, then sold 1.04 million YZY for $1.39 million, leaving 249,907 YZY (worth approximately $600,000), realizing profits exceeding $1.5 million."
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