A Trader Bets Successively on Counterfeit and Authentic YZY, Losing Over $800,000

BlockBeats News, August 21st. According to on-chain analyst Ai Yi (@ai_9684xtpa), a trader leveraged the genuine YZY coin at its peak to break even and once saw a peak profit of $830,000 but did not take profits. They are now sitting on a floating loss of $106,000. Previously, the trader bet on the fake Kanye concept meme coin YZY and suffered a $700,000 loss, bringing their total cumulative loss to over $800,000.