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YZY Token Launch Results in 67% Trader Losses Despite Initial $3B FDV
Gate News bot message, Recent data reveals significant trader losses following Kanye West's YZY token launch. The token's fully diluted valuation (FDV) initially reached $3 billion before declining to approximately $680 million.
Trading statistics show that among 42,572 wallets that executed both buy and sell transactions, 67% recorded losses. One wallet reported losses exceeding $1 million, while several others experienced losses ranging between $100,000 and $1 million.