YZY Memecoin Acquired by Same Wallet Behind TRUMP and LIBRA, On-Chain Analysis Reveals

The blockchain analytics company Bubblemaps has found that at least one investor who benefited from TRUMP and LIBRA was also among the initial buyers of Ye’s YZY memecoin.

Research conducted by blockchain analytics firm Bubblemaps has indicated that at least one of the investors who previously sniped the TRUMP and LIBRA token launches was also an early sniper of Ye’s YZY memecoin, which officially launched on the Solana (SOL) blockchain on August 21.

Per Bubblemaps, the first major YZY purchase occurred on launch day, when a wallet (AwY1V) obtained $250,000 worth of the token. On-chain analysis exhibits strong connections between this wallet and addresses involved in earlier notable memecoin launches, such as LIBRA, TRUMP, and HAWK. Analysts from Bubblemaps suspect that the owner of AwY1V—identified as someone named Naseem—likely utilized additional addresses to further increase profits.

YZY memecoin sniper: sheer skill or insider knowledge?

AwY1V sold a portion of the initial $250,000 investment for $800,000, but still retains about $600,000 worth of YZY memecoin, according to Bubblemaps. However, this report was issued 15 hours ago, and since then, the memecoin has declined further, with its market cap now hovering around $200 million — a drop of approximately 93% from the $3 billion peak it reached within 40 minutes of launch.

Naseem first gained attention earlier this year by transforming a $1.1 million investment in the TRUMP memecoin into over $100 million. Analysts at Bubblemaps are pondering how he has consistently found himself at the forefront of these high-profile memecoin launches—including TRUMP, HAWK, LIBRA, and now YZY: “Is it just pure skill, or is there more at play?”