Blockchain analytics firm Bubblemaps has identified a familiar player at the center of Ye’s newly launched YZY memecoin. On-chain data shows that the same wallet linked to lucrative early buys of TRUMP and LIBRA tokens was also among the first to snipe YZY on its August 21 launch.
3/$YZY was created on August 17
— Bubblemaps (@bubblemaps) August 21, 2025
All early transactions that followed came from team wallets.
The first real buy happened on August 21, when wallet AwY1V purchased $250khttps://t.co/v81LtsBYGm pic.twitter.com/FGtCAkeAFG
According to Bubblemaps, the wallet—identified as AwY1V—purchased $250,000 worth of YZY within hours of its debut on Solana. The address has established ties to earlier memecoin launches, including TRUMP, LIBRA, and HAWK. Bubblemaps analysts believe the wallet is controlled by an individual known as Naseem, who may also operate multiple related addresses to maximize profits.
The strategy proved immediately profitable. AwY1V cashed out part of its holdings for $800,000 while still retaining around $600,000 in YZY tokens, according to the firm’s analysis. But the memecoin’s trajectory has been volatile. After skyrocketing to a $3 billion market cap within 40 minutes of launch, YZY has since collapsed by roughly 93%, now hovering around $200 million.
Naseem is no stranger to high-stakes memecoin speculation. Earlier this year, he drew attention after reportedly turning a $1.1 million investment in the TRUMP token into over $100 million. His repeated presence in early memecoin trades has raised eyebrows among analysts.
“Is it pure skill, or does he know something more?” Bubblemaps asked in its report.
The findings highlight the opaque and speculative nature of memecoin trading, where early positioning can translate into staggering gains—or steep losses—within hours.
