Thread by @wiseadvicesumit

🚨 $YZY nears $1.

Thinking of buying the dip? HOLD UP!!!

Here are a few things you need to know before jumping in. 🧵👇

What actually happened with $YZY?

• @kanyewest just dropped his new memecoin, YZY announced with a video.
• The hype was insane: YZY hit a $2B market cap in just 5 minutes.

While the launch grabbed global attention, it also left many asking: is this rally sustainable⁉️

https://x.com/kanyewest/status/1958354070676402285

It was launched with 25 different contracts… Are you KIDDING ME? 👀

• Only 1 was the real $YZY.
• Bots had a 1 in 25 chance to get it right.
• The whole idea? Give real traders a shot instead of letting bots snatch everything.

LIQUIDITY CONCERNS ⚠️

$120M got added, but only in $YZY, no $USDC.

This means the dev still runs the show and insiders got a head start.

Without USDC in the pool, it’s super volatile and easy to manipulate the price.

TOKENOMICS FLAWS 👇

70% of $YZY supply is held by Yeezy Investments LLC.

That means one entity controls the majority of the token, raising big questions on decentralization & risk.

Coincidence or Pattern? $YZY X $LIBRA

Kanye drops YZY… Libra unfreezes $57.6M at the same time.
Same wallets pull out $1.5M instantly.

Who needs coincidences when patterns just repeat themselves? 😏

YZY is giving major LIBRA vibes…

$YZY has a “Class Action Waiver”, basically giving them permission to rug you, while blocking users from filing lawsuits together.

The hype is off the charts, but the red flags are huge. 🚨

DYOR before jumping in, don’t let FOMO make the decisions for you.

That's the wrap

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