YZY Coin Launch Insider Information Exposed: A Classic "Harvesting Scheme" Recently, the launch of the YZY token has once again attracted market attention. However, behind the surface-level star effect and short-term price surge, we see a typical "insider scheme." Data reveals astonishing manipulation traces and reminds retail investors: the so-called "new coin craze" may just be another capital harvesting game. Insider Holdings: Concentrated at Launch Extreme concentration on the first day of circulation: On the first day of launch, 94% of the tokens are held by a few individuals. A single multi-signature wallet controls the situation: One multi-signature wallet initially holds 87% of the token supply. The top six clusters control over 70%: This means that the vast majority of tokens have not truly entered the market but are concentrated in a few wallets. This clearly indicates that the so-called "public sale" is, in fact, a game for a very small number of insiders. Liquidity Trap: DLMM One-Sided Pool YZY's main liquidity pool is deployed on Meteora DLMM, but there is a significant problem: The pool is one-sided, containing only YZY. When retail investors invest USDC, it is equivalent to directly "feeding" value to the project team's wallet. The deploying party can withdraw funds at any time, achieving a "brick-moving withdrawal." In other words, this is not a fair liquidity market but a trap specifically designed to harvest retail investors. On-Chain Trading Evidence: High Gas Fees for Front-Running, Short-Term Arbitrage Exit Blockchain transparency reveals insider trading traces: Wallet 6MNWV8JF… Bought 1.29 million YZY at a price of about $0.35 Then sold 1.04 million YZY in the $1.07–$1.45 range Just the priority fee paid was 129 SOL, indicating their front-running activity Ultimately profiting over $1.5 million in just a few minutes Other wallets in the same cluster (ANGuXwT1… and AwY1VTMd…) Exhibit almost identical behavior, indicating they are part of the same manipulation group. Wallet DH24F4DD… Invested 12,170 SOL (tens of millions in funds) Transferred 2.67 million YZY Profited about $6 million These are blatant "high-frequency farming-style arbitrage" operations. Price Trend: Roller Coaster in Three Hours On the first day of launch, YZY was quickly pushed up to nearly $3, with a market cap temporarily inflated to $3 billion. However, just three hours later, the price fell back below $1. This "pump and dump" pattern perfectly aligns with the typical scheme of raising prices to offload. Manipulation Techniques: Pre-Preparation + Concentrated Surge Wallets were pre-funded and arranged before the launch In the first 30 seconds, there were a large number of insider buy orders, and they paid extremely high priority fees to ensure front-running This aggressive "first-second sprint" operation essentially created a false impression of a "strong opening," attracting retail investors to follow suit. The ultimate goal is singular: to create liquidity and price illusions, providing insiders with a safe high-position offloading environment. Conclusion: This is not a "Star Coin," but a "Farming Scheme" The launch process of YZY once again plays out a familiar script: A few wallets monopolize supply The pool design favors the project team to withdraw value Internal funds front-run for arbitrage Short-term price increases create market hype Finally, the price collapses, leaving retail investors holding the bag The so-called "star effect" is merely a facade; at its core, it remains a capital farm centered on "offloading." A Reminder for Retail Investors Don't be deceived by the short-term star halo Don't ignore the truths revealed by on-chain data Don't unconditionally pay for the same circle of funds They are harvesting, and you are holding the bag. If you don't see through the scheme, you will only be trapped in the same script time and again.