YZY Memecoin Purchased by Wallet Linked to TRUMP and LIBRA, On-Chain Analysis Shows
Bubblemaps, a blockchain analytics firm, has identified at least one investor who profited from both TRUMP and LIBRA, and who also participated as an early buyer of Ye’s YZY memecoin.
Summary
- The first notable purchase of the YZY memecoin occurred on launch day, with a wallet (AwY1V) acquiring $250,000.
- On-chain analysis links this wallet to addresses involved in the TRUMP, LIBRA, and HAWK token launches.
Research by Bubblemaps has revealed that at least one investor, who previously engaged in the TRUMP and LIBRA token launches, was also a key participant in the early acquisition of Ye’s YZY memecoin, which debuted on the Solana (SOL) blockchain on August 21.
According to Bubblemaps, the significant initial purchase of YZY occurred on launch day, with the wallet (AwY1V) obtaining $250,000 worth of the token. On-chain analytics show strong ties between this wallet and addresses associated with earlier memecoin offerings, including LIBRA, TRUMP, and HAWK. Analysts suspect that the owner of AwY1V, identified as Naseem, may have leveraged additional addresses to maximize profits.
YZY memecoin sniper: sheer skill or insider knowledge?
The AwY1V wallet sold part of the initial $250,000 investment for $800,000, yet still retains approximately $600,000 in YZY memecoin, as per Bubblemaps. However, since this report was released 15 hours ago, the memecoin has further declined, with its market cap now around $200 million—a drop of about 93% from its peak of $3 billion reached within the first 40 minutes of launch.
Naseem first captured attention earlier this year by turning a $1.1 million investment in the TRUMP memecoin into more than $100 million. Analysts at Bubblemaps are questioning how he consistently positions himself at the forefront of these prominent memecoin launches—including TRUMP, HAWK, LIBRA, and now YZY: “Is it pure skill, or is there something more significant at play?”