Buying the YZY token apparently linked to Ye, the rapper formerly known as Kanye West, ended in tears for more than 70,000 wallets, Bubblemaps, a blockchain data visualization tool, said in a post on X.

The Solana-based memecoin's debut last week was part of a “YZY Money” ecosystem plan, which included payment rails and a branded card.

On-chain data, however, suggests that insider and early wallets, combined with thin liquidity and rapid speculation, resulted in a launch where whales extracted millions, while the crowd shouldered nearly all of the losses.

More than 51,800 addresses appear to have lost between $1 and $1,000, another 5,269 are down $1,000 to $10,000, and 1,025 wallets shed $10,000 to $100,000, according to Bubblemaps' data.

At the top of the loss curve, 108 wallets are s

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