Kanye West’s Solana-based YZY token debut triggered record activity, with trading frenzy, insider profits, and meme coin speculation fueling Solana’s throughput milestone.
Kanye West launched a Solana-based meme coin, YZY, which saw its market cap briefly surge to $3 billion before dropping to $137 million. The token recorded over $386 million in 24-hour trading volume, with insiders profiting by more than $3.4 million from early trades. Alongside the token, West introduced Ye Pay and YZY Card. Solana’s network processed record throughput of 2,300 non-vote transactions per second during the launch. YZY trading remains intense, with the top six addresses holding over 90% of supply. The launch highlights Solana’s popularity for meme tokens amid a resurgent $4 trillion crypto market.