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Lookonchain: It is suspected that multiple internal wallets have been informed in advance of the $YZY contract Address for Arbitrage.
PANews reported on August 21 that Kanye West (@kanyewest) launched the $YZY Token, injecting only $YZY into the liquidity pool, without $USDC. Developers can sell tokens by adjusting liquidity, similar to $LIBRA. Multiple internal wallets prepared funds in advance and quickly bought $YZY, with wallet 6MNWV8 having prior knowledge of the contract address, spending 450,611 USDC to purchase 1.29 million $YZY at $0.35, and later selling 1.04 million $YZY for 1.39 million USD, leaving 249,900 $YZY (approximately 600,000 USD), making over 1.5 million USD in profit. In addition, an investor suspected of having information about Kanye West’s issued token lost $710,000 by buying the wrong $YZY. About 40 minutes ago, this investor bought the legitimate $YZY for $761,000 and has now made a profit of over $710,000, recovering the previous loss.