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The Solana-based memecoin YZY, promoted by Kanye West (Ye), posted one of the unstable debuts of the yr, rocketing to a multi-billion-dollar valuation inside minutes earlier than retracing as on-chain sleuths flagged insider exercise and a contentious liquidity setup. In an X put up on Thursday, West shared the contract deal with and framed “YZY MONEY” as “A NEW ECONOMY, BUILT ON CHAIN,” serving to propel the token to roughly $3 billion in market worth inside about 40 minutes, earlier than sliding sharply decrease later within the session.
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