YZY liquidity addition method resembles LIBRA, with multiple insider addresses front-running purchases

According to ChainCatcher, Lookonchain posted on social media stating that although Kanye West has officially announced the launch of YZY, currently only YZY has been added to the liquidity pool, with no USDC present. Developers can sell YZY by adding or removing liquidity, similar to LIBRA.

Several insider wallets prepared funds in advance and immediately bought YZY after the announcement. Insider wallet 6MNWV8 knew the contract address ahead of time and even attempted to purchase yesterday.

Today, 6MNWV8 spent 450,611 USDC to buy 1.29 million YZY at a price of $0.35, and sold 1.04 million YZY for $1.39 million, leaving 249,907 YZY (worth about $600,000), with a profit exceeding $1.5 million.