Recently, the encryption Token YZY launched by the famous rapper Kanye West has attracted widespread follow in the market. Although this Token has just been released for a short time, its market capitalization has already surpassed the 2 billion dollars mark, showing an amazing rise momentum.



However, with the rapid rise of the YZY Token, some potential risks have also begun to surface. Industry experts point out that YZY may face similar issues to another well-known Token, LIBRA. Among the most notable is that currently only YZY has been added to the liquidity pool, without including stablecoins like USDC, which may lead to more severe price fluctuations.

What is more concerning is that the development team seems to have the ability to manipulate the YZY price by adding or removing liquidity. This practice is very similar to the strategy once adopted by LIBRA, which could pose unpredictable risks for investors.

In addition, observers have noted that at the time of the issuance of YZY, multiple internal wallets were already prepared and made large purchases of the Token at the first opportunity. This behavior raises questions about the potential for market manipulation.

Given the current situation, investors need to remain highly vigilant. The sudden withdrawal from liquidity pools may occur at any time, which would have a devastating impact on the value of YZY. Therefore, when participating in YZY-related investments, it is essential to carefully assess the risks and be well-prepared with risk management.

The cryptocurrency market is changing rapidly. Emerging tokens like YZY may bring high returns, but they also come with high risks. Investors should fully understand the project's background, technical foundation, and market dynamics to avoid blindly following trends and ensure the safety of their funds.
WEST-1.93%
YZY-15.61%
USDC-0.02%
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FromMinerToFarmervip
· 13h ago
Suckers are fresh again.
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GateUser-1a2ed0b9vip
· 13h ago
Be Played for Suckers again.
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BearMarketBuildervip
· 13h ago
Again seeing the old routine of Be Played for Suckers.
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