Memecoins，權力下放和Kanye：Yzy的警示故事

坎耶·韋斯特（Kanye West）的Yzy代幣的興衰突出了名人支持的成員的危險以及加密貨幣中的權力下放的幻覺。

In the wild world of memecoins, where hype and speculation reign supreme, Kanye West's (Ye's) YZY token emerged as a prime example of the risks and rewards. Launched in August 2025, YZY promised decentralization but delivered a masterclass in centralized control, leaving many retail investors burned. Let's dive into the drama.

在炒作和猜測統治最高的狂野世界中，坎耶·韋斯特（Kanye West）的Yzy代幣作為風險和獎勵的一個典型例子。 Yzy於2025年8月啟動，承諾分散化，但在集中控制中提供了大師班，許多零售投資者被燒毀了。讓我們深入研究戲劇。

The YZY Token: A Decentralization Mirage

Yzy代幣：權力下放的幻影

YZY's tokenomics were designed to concentrate profits for insiders. While 70% of the supply was supposedly allocated to Yeezy Investments LLC, on-chain data revealed that 94% of the tokens were controlled by insiders at launch, with 87% held in a single multisig wallet. That's not decentralization, folks; that's a dictatorship!

Yzy的標記學旨在為內部人群集中利潤。雖然據說有70％的供應分配給了Yeezy Investments LLC，但鍊鍊數據顯示，94％的令牌是由內部人員在發射時控制的，其中87％的人持有單個多西格錢包。那不是權力下放，伙計們。那是獨裁統治！

The "anti-sniping" mechanism, touted as a democratizing feature, turned out to be another tool for insider advantage. Wallets with advance knowledge of the correct contract address executed massive trades, flipping tokens for exponential gains. It's like being invited to a poker game where the house knows all the cards.

吹捧為民主化的特徵的“反扣”機制原來是內部優勢的另一種工具。有了預先了解正確合同地址的錢包，進行了大規模交易，使代幣的指數增長了。就像被邀請參加撲克遊戲，房子知道所有卡片。

Liquidity Pools: A Puppet Show

流動性池：木偶表演

YZY's liquidity pool was seeded exclusively with YZY tokens, allowing Ye's team to manipulate the price at will. This setup mirrored the infamous LIBRA rug pull, where developers drained liquidity to siphon funds. The price range was set so insiders could cash out while latecomers were left holding depreciating assets.

Yzy的流動性池專門用Yzy令牌種子，使Ye的團隊可以隨意操縱價格。這種設置反映了臭名昭著的天秤座地毯的拉力，開發人員在這裡流動流動性向虹吸管資金。價格範圍是設定的，以便內部人員可以兌現，而後來者則持有折舊資產。

The Pump-and-Dump Playbook

泵送劇本

The disparity between early insiders and public investors was stark. One whale spent millions in SOL to amass a fortune in YZY, securing a massive unrealized gain. Meanwhile, a retail investor saw their investment plummet within hours. This is the classic pump-and-dump: celebrities generate hype, insiders front-run the launch, and the public gets left with a deflated asset.

早期內部人士和公共投資者之間的差異是鮮明的。一隻鯨魚花了數百萬美元在索爾（Sol）中積聚了Yzy的財富，從而獲得了巨大的未實現收益。同時，零售投資者在幾個小時內看到他們的投資暴跌。這是經典的泵和雨衣：名人會產生炒作，內部人士領先發射，公眾將獲得放氣資產。

Coinbase director Conor Grogan even warned of a potential “classic pump-and-dump scheme.” When someone like that raises an eyebrow, you know it's time to tread carefully.

Coinbase董事Conor Grogan甚至警告了潛在的“經典泵送計劃”。當這樣的人揚起眉毛時，您就知道該小心翼翼地踩踏了。

Andrew Tate's Take

安德魯·泰特（Andrew Tate）的看法

Even controversial influencer Andrew Tate got in on the action, opening a short position on YZY and making a quick profit. However, his overall crypto trading record isn't exactly stellar, with cumulative losses totaling nearly $700,000. Maybe stick to podcasting, Andrew?

即使是有爭議的影響者安德魯·泰特（Andrew Tate）也參與了行動，在Yzy上打開了一個簡短的立場並迅速獲利。但是，他的整體加密交易記錄並不是完全出色的，累計損失總計近70萬美元。也許堅持播客，安德魯？

Broader Implications for Retail Investors

對零售投資者的更廣泛影響

YZY is not an outlier. Celebrity-backed memecoins often exploit the same playbook: leveraging fame to attract FOMO-driven buyers while structuring tokenomics to siphon value from the public. Without real utility, these tokens rely on speculative momentum, which is inherently fragile.

Yzy不是異常值。由名人支持的模因通常會利用同一部劇本：利用名望吸引FOMO驅動的買家，同時構建Tokenomics以從公眾那裡siphon價值。如果沒有真正的效用，這些代幣就依賴於投機勢頭，這本質上是脆弱的。

The risks for retail investors are twofold: lack of transparency and the emotional appeal of celebrity endorsements. It's easy to get caught up in the hype, but you gotta do your homework, people!

零售投資者的風險是雙重的：缺乏透明度和名人代言人的情感吸引力。人們很容易陷入炒作，但是您必須做功課，人們！

A Call for Caution and Regulation

呼籲謹慎和法規

The YZY case underscores the urgent need for regulatory scrutiny in the memecoin space. Regulators must mandate transparent tokenomics, enforce liquidity pool audits, and require pre-launch disclosures to prevent insider abuse. For investors, the lesson is clear: treat celebrity-backed memecoins with extreme caution.

Yzy案強調了在Memecoin空間中迫切需要進行監管審查的需求。監管機構必須授權透明的令牌學，執行流動性池審核，並需要進行預發出的披露以防止內部濫用。對於投資者而言，該課程很明確：非常謹慎地對待由名人支持的紀念物。

So, next time a celebrity launches a memecoin, remember the cautionary tale of YZY. Don't let the hype cloud your judgment. Do your research, stay informed, and remember, if it sounds too good to be true, it probably is. Now go forth and invest wisely, ya heard?

因此，下次名人推出了一個紀念物時，請記住Yzy的警示故事。不要讓炒作籠罩您的判斷。做您的研究，保持知識，並記住，如果聽起來太好了，那麼可能是真實的。現在去明智地投資，您聽說嗎？