Kanye West YZY Sniper Wallet Tied to $21M LIBRA Extraction, Analysts Claim

Onchain investigators have linked a wallet involved in the Kanye West-themed YZY token launch to wallets tied to the controversial LIBRA token, suggesting tens of millions were extracted through insider trading tactics.

• Wallet link: YZY sniper wallet tied to LIBRA extraction scheme.
• Profits: $23 million extracted across YZY and LIBRA launches.
• Mechanics: Early buys at below-market prices net millions in profit.
• Verification: Nansen and Cyvers confirm overlap in wallet flows.
• Market impact: YZY token hit $3 billion market cap before tumbling to $1 billion.
• Uncertainty: Analysts debate whether this qualifies as insider trading.

An investigation by pseudonymous analyst Dethective revealed that a sniper wallet tied to Kanye West’s newly launched YZY token is also connected to wallets that profited heavily from the LIBRA token launch earlier this year.

According to Dethective’s findings, the YZY sniper wallet purchased $250,000 worth of tokens at just $0.20, securing an immediate $1 million profit within minutes. The gains were then funneled into a treasury wallet, which previously received funds linked to LIBRA sniping activity.

Two LIBRA sniper wallets are believed to have extracted $21 million during that token’s launch. Combined with YZY, investigators estimate $23 million was pulled in suspected insider gains, later routed through Kamino or Binance.

Dethective wrote:

“We can be sure this is someone with clear inside info. The proof is that he did not snipe any coin besides $YZY and $LIBRA and he was prepared with huge size.”

Both Nansen and Cyvers confirmed the overlap between the YZY sniper wallet and LIBRA-linked wallets. Cyvers noted that the evidence strongly points to the same actor or a coordinated group, though Nansen cautioned that direct ties to LIBRA creator Hayden Davis remain unproven.

Adding intrigue, notorious sniper Naseem — who made millions trading the Official Trump memecoin — also entered the YZY launch early, using a wallet funded with Trump token profits. While he attributes his gains to spotting liquidity early, analysts continue to debate whether this falls under sharp trading or coordinated insider behavior.

Meanwhile, Kanye West’s YZY token launched on Solana with dramatic volatility. The token briefly hit a $3 billion market cap within 40 minutes before falling sharply to about $1.05 billion. YZY traded around $1 at the time of writing, down more than 60% from its all-time high of $3.16 earlier in the day.

West described the launch as part of “A NEW ECONOMY, BUILT ON CHAIN,” positioning YZY as the foundation for his proposed YZY MONEY system.

Final Thought

The YZY launch has spotlighted the growing scrutiny of sniper wallets and insider tactics in token launches. With wallet overlaps linking Kanye’s YZY to LIBRA’s controversial history, regulators and market participants alike may face increasing pressure to distinguish between savvy trading and coordinated exploitation in the evolving memecoin economy.