Chart: https://www.gate.com/trade/YZY_USDT
Key factors driving this volatility include excessive hype around celebrity tokens, rapid short-term capital movement, and shifting overall crypto market sentiment. Investors should be especially cautious in such highly volatile markets and avoid making emotionally driven trades.
A significant number of investors experienced losses, with some losing hundreds of thousands or even millions of dollars in a very short time. Newcomers should learn a crucial lesson from this: high returns typically come with high risks—especially when dealing with newly launched, highly volatile tokens.
The YZY token episode exposes several inherent risks of celebrity-branded tokens:
Instead of chasing hype or celebrity influence, investors should evaluate the true value of token projects, community engagement, and real-world utility.
The rapid boom-and-bust in YZY’s price is a clear warning for crypto investors. Entering emerging cryptocurrencies requires both caution and diligent research. Understanding project fundamentals, monitoring risks, and allocating capital prudently are critical to mitigating losses and capturing genuine opportunities. For new investors, a rational and disciplined approach is essential; avoid blindly following market hype.