Memecoins，权力下放和Kanye：Yzy的警示故事

坎耶·韦斯特（Kanye West）的Yzy代币的兴衰突出了名人支持的成员的危险以及加密货币中的权力下放的幻觉。

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.

在炒作和猜测统治最高的狂野世界中，坎耶·韦斯特（Kanye West）的Yzy代币作为风险和奖励的一个典型例子。 Yzy于2025年8月启动，承诺分散化，但在集中控制中提供了大师班，许多零售投资者被烧毁了。让我们深入研究戏剧。

The YZY Token: A Decentralization Mirage

Yzy代币：权力下放的幻影

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的标记学旨在为内部人群集中利润。虽然据说有70％的供应分配给了Yeezy Investments LLC，但链链数据显示，94％的令牌是由内部人员在发射时控制的，其中87％的人持有单个多西格钱包。那不是权力下放，伙计们。那是独裁统治！

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.

吹捧为民主化的特征的“反扣”机制原来是内部优势的另一种工具。有了预先了解正确合同地址的钱包，进行了大规模交易，使代币的指数增长了。就像被邀请参加扑克游戏，房子知道所有卡片。

Liquidity Pools: A Puppet Show

流动性池：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的流动性池专门用Yzy令牌种子，使Ye的团队可以随意操纵价格。这种设置反映了臭名昭著的天秤座地毯的拉力，开发人员在这里流动流动性向虹吸管资金。价格范围是设定的，以便内部人员可以兑现，而后来者则持有折旧资产。

The Pump-and-Dump Playbook

泵送剧本

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.

早期内部人士和公共投资者之间的差异是鲜明的。一只鲸鱼花了数百万美元在索尔（Sol）中积聚了Yzy的财富，从而获得了巨大的未实现收益。同时，零售投资者在几个小时内看到他们的投资暴跌。这是经典的泵和雨衣：名人会产生炒作，内部人士领先发射，公众将获得放气资产。

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甚至警告了潜在的“经典泵送计划”。当这样的人扬起眉毛时，您就知道该小心翼翼地踩踏了。

Andrew Tate's Take

安德鲁·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?

即使是有争议的影响者安德鲁·泰特（Andrew Tate）也参与了行动，在Yzy上打开了一个简短的立场并迅速获利。但是，他的整体加密交易记录并不是完全出色的，累计损失总计近70万美元。也许坚持播客，安德鲁？

Broader Implications for Retail Investors

对零售投资者的更广泛影响

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不是异常值。由名人支持的模因通常会利用同一部剧本：利用名望吸引FOMO驱动的买家，同时构建Tokenomics以从公众那里siphon价值。如果没有真正的效用，这些代币就依赖于投机势头，这本质上是脆弱的。

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!

零售投资者的风险是双重的：缺乏透明度和名人代言人的情感吸引力。人们很容易陷入炒作，但是您必须做功课，人们！

A Call for Caution and Regulation

呼吁谨慎和法规

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案强调了在Memecoin空间中迫切需要进行监管审查的需求。监管机构必须授权透明的令牌学，执行流动性池审核，并需要进行预发出的披露以防止内部滥用。对于投资者而言，该课程很明确：非常谨慎地对待由名人支持的纪念物。

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，下次名人推出了一个纪念物时，请记住Yzy的警示故事。不要让炒作笼罩您的判断。做您的研究，保持知识，并记住，如果听起来太好了，那么可能是真实的。现在去明智地投资，您听说吗？