Summary
- It was reported that 'YZY''s market capitalization plummeted after surpassing $3 billion.
- YZY's trading volume reached $512 million within 3 hours of launch.
- According to CoinMarketCap, YZY's price has fallen by 43.6% compared to immediately after its listing.
The Solana (SOL)-based meme coin 'YZY', launched by famous American rapper Kanye West, has plunged after surpassing a market capitalization of $3 billion.
According to SolanaFloor on the 21st (local time), YZY exceeded a market cap of $3 billion (around ₩4 trillion) within just 2 hours of launch, but then plunged, dropping to about $1.43 billion.
The trading volume reached $512 million within 3 hours of launch. Meanwhile, YZY's price is currently trading at $1.45 on CoinMarketCap, down 43.6% from its listing price.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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