Recently, the well-known figure in the American music industry, Kanye West, launched the Crypto Assets YZY, which has stirred up a storm in the Crypto Assets market. This emerging Crypto Assets, referred to as "Meme coin", saw its market capitalization soar to an astonishing $3 billion in just 40 minutes, but then quickly fell back to less than $1 billion, staging a thrilling "market capitalization roller coaster".

This phenomenon has raised doubts about insider trading in the market. Blockchain data analysis shows that 13 unidentified wallets cashed out as much as $24.5 million in a very short time, while among the more than 56,000 wallets involved in the transaction, most small investors suffered significant losses due to high position purchases.

What is even more concerning is the distribution structure of the YZY token. It is reported that 70% of the total token supply is held by a company controlled by Kanye West, while only 10% is allocated to the liquidity pool for trading. This distribution method has raised doubts from the outside regarding its "harvesting of retail investors."

In the face of market turmoil, Kanye West took remedial measures by injecting $34 million into the liquidity pool in an attempt to stabilize the coin price. However, this move seems to have failed to restore market confidence. Some netizens joked that this operation in the coin market is more dramatic than his new album.

This event has once again sparked discussions on issues such as the regulation of the Crypto Assets market, celebrity endorsement responsibilities, and investor protection. It also serves as a reminder that in the highly speculative Crypto Assets market, investors should remain clear-headed and act with caution.