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YZY Liquidity Addition Method Similar to LIBRA, Multiple Insider Addresses Front-Running Buys
BlockBeats News, August 21st, Lookonchain posted on social media that although Kanye West officially announced the launch of YZY, currently only YZY has been added to the liquidity pool, not USDC. Developers can sell YZY by adding/removing liquidity, similar to LIBRA.
Multiple insider wallets prepared funds in advance and immediately bought YZY after the announcement. Insider wallet 6MNWV8 had early knowledge of the contract address and even attempted to purchase yesterday.
6MNWV8 spent 450,611 USDC to buy 1.29 million YZY at a price of $0.35 and sold 1.04 million YZY at a price of $1.39 million, leaving 249,907 YZY (approximately $600,000), with profits exceeding $1.5 million.
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