An onchain analyst linked a wallet behind Kanye West’s YZY token to the same group that extracted $21 million from LIBRA, raising fresh concerns about insider trading in Solana memecoins.
Posted August 22, 2025 at 9:41 am EST.
Kanye West’s Solana-based YZY token has been linked to a major $21 million extraction scheme involving the LIBRA token.
Pseudonymous onchain analyst “dethective” traced a YZY sniper wallet back to a group of wallets that also executed rapid, high-profit trades on the LIBRA token launch about six months earlier.
In the case of YZY, the sniper wallet managed to acquire $250,000 worth of tokens at $0.20 each – a price significantly lower than most traders could access.
Within eight minutes, these holdings produced over $1 million in profit, which was then routed into a treasury wallet already associated with LIBRA-linked wallets.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
“We don’t know if it is Hayden. But we can be sure this is someone with clear inside info,” said dethective, referring to the controversial figure Hayden Davis, known for his role as LIBRA “facilitator.”
“The proof is that he did not snipe any coin besides YZY and LIBRA and he was prepared with huge size.”
YZY has crashed nearly 70% since its post-launch rally, and is currently trading with a higher volume of sell orders.
Onchain wallet tracker Lookonchain noted that Kanye West had added $34 million to YZY’s liquidity pool with a price range of between $3.1716 to $4.4929.
“This means once the price climbs above $3.1716, he’ll start earning fees while gradually selling YZY for USDC,” said Lookonchain.