According to Lookonchain analysis, although Kanye West officially announced the launch of YZY, only YZY has been added to the liquidity pool, not USDC. Developers can sell YZY by adding or removing liquidity, similar to LIBRA.

Multiple insider wallets prepared funds in advance and immediately bought YZY after the announcement. Insider wallet 6MNWV8 knew the contract address in advance and even attempted to buy yesterday.

6MNWV8 spent 450,611 USDC today to buy 1.29 million YZY at $0.35, and sold 1.04 million YZY at $1.39 million, leaving 249,907 YZY (about $600,000), with a profit of more than $1.5 million.