Kanye West starts solana-based meme coin Yzy: double strike at market value with over $ 3 billion, followed by dramatic crash within hours.

Kanye West starts solana-based meme coin Yzy: double strike at market value with over $ 3 billion, followed by dramatic crash within hours.

Kanye West and the introduction of the Solana-based meme coin Yzy

Kanye West, the well-known musician and entrepreneur, recently launched the Solana-based meme coin Yzy. The coin immediately caused a sensation and achieved an impressive market value of $ 3 billion in the initial phase. However, the coin experienced a drastic crash just a few hours after the climax.

The development of the Yzy coin shows how volatile and dynamically the cryptoma market can be. Despite the initial success, the coin quickly lost value, which illustrates the risks and challenges on the cryptocurrency market. Meme coins, often characterized by strong municipal support and speculation, are often subject to strong fluctuations.

It remains to be seen whether Yzy can achieve a stable presence in the market in the long run or whether it ultimately turns out to be a temporary trend. The introduction of the coin not only reflects Kanye's influence in pop culture, but also the growing interest in cryptocurrencies and digital assets in general.