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「Yeezy Coin」 Trader Liquidates Position, Loses $704,000 in 3 Hours

By: theblockbeats.news|2025/08/20 02:12:10

BlockBeats News, August 20th, According to on-chain analyst Ai Yi (@ai_9684xtpa), the "Betting on Kanye Concept Meme Coin YZY" trader transferred all 27.72 million tokens to address 51mwU...bw5DG 7 hours ago. Subsequently, they sold all tokens in 48 transactions at an average price of $0.002103 (cost basis $0.02767), resulting in a $704,000 loss in 3 hours.

Analysis: Bitcoin 30-Day Option Delta Skew Skyrockets, Indicating Market is in Extreme Fear

Source: Insider Insider sources: U.S. CFTC nominee Brian Quintenz's nomination is stalled, with multiple cryptocurrency industry organizations jointly supporting him.