The Ysy -Toking Lancing of Kanye West has left 105 traders with considerable losses between $ 100,000 and $ 1 million each, a total of $ 26 million in combined losses with an average of $ 250,000 per wallet.
According to Data shared By Bubblemaps analysis published on August 27, 70.201 traders had interaction with the token, which resulted in 51,862 tank losses.
West’s controversial token launch on Solana achieved a market capitalization of more than $ 3 billion before he collapsed by more than 90% within a few hours.
Data reveals grim inequality in results, with only 11 portfolios (0.015%) that generate profit of $ 1 million each. These successful traders conquered $ 18.9 million in combined profits.
The loss distribution shows that traders with larger positions carried the heaviest burden. Wallets that lost between $ 10,000 and $ 100,000 amounted to a total of around $ 25.4 million, with 917 addresses that shared an average loss of $ 27,700.
An additional 4,244 traders lost between $ 1,000 and $ 10,000, with an average loss of $ 3,000, which resulted in more than $ 13 million.
At the very end, three traders each lost more than $ 1 million, which resulted in a combined loss of $ 5.07 million.
Only 1% of the portfolios earned considerable profit
Of the 70.201 traders, only 18,333 achieved profitability, which represents 26% of the total participants.
Yet nearly 86% of them generated profit of $ 1,000, in total around $ 1.65 million, with an average win of $ 105 for every trader in this cohort.
Less than 1% (642 portfolios) of the traders generated profit of more than $ 10,000 each, with a combined profit of $ 58.8 million, which represents almost 88% of the total profit. In addition, 88 traders between $ 100,000 and $ 1 million each earned, a total of $ 24.9 million.
Contributions to the losses of traders were structural disadvantages, including 94% insider-controlled initial delivery and priceless reimbursement structures.
The Yzy Pool worked with a basic costs of 1% that was quickly adjusted to 2.68%; Combined with slippering costs, this resulted in an estimated trading costs of 10% return for participants.
The Ysy Trading -data serves as a grim memory of Memecoin market conditions, where significant profits are transferred to just a small proportion of traders, who are often insiders or advanced token snipers.