Introduction to YzY (YzY/SOL)
YzY, commonly referred to as Yeezy Coin, is a digital asset trading on the Solana blockchain. This token is accessible through various decentralized exchanges, with PumpSwap being a prominent platform for its trading. The YzY/SOL trading pair represents the exchange rate between YzY tokens and Solana's native cryptocurrency, SOL.
Understanding the current market position of emerging tokens like YzY is crucial for informed decision-making in the dynamic cryptocurrency landscape. This analysis provides a detailed overview of YzY's market performance, liquidity status, and key metrics that potential investors should consider.
Current Market Performance
As of the latest data, YzY is trading at $0.00002266 against the US dollar. The price has remained stable over the past 24 hours with no significant percentage change. The trading volume for this period stands at $0.00, with no recorded transactions, indicating relatively low market activity.
The exchange rate between YzY and SOL is currently positioned at $0.0000001475 per YzY token. This conversion rate means that for every US dollar, investors can acquire approximately 44,129.61 YzY tokens, reflecting the token's current valuation in the market.
Liquidity and Trading Metrics
The YzY/SOL trading pair demonstrates a liquidity pool valued at $8,718.80, which supports trading activities on decentralized exchanges. This pool consists of two components: 185.03 million YzY tokens (valued at $4,873.31) and 27.28 SOL (valued at $4,192.94).
The Fully Diluted Valuation (FDV) of YzY stands at $74.20, representing the theoretical market capitalization if all tokens were in circulation. This metric helps investors understand the potential scale of the project once all tokens are released into the market.
The trading pair's contract address is DU3xvNNSbWRtg5WxbU6rRS2DC54ezGxYLBGWYvNmcYfw, with the liquidity pool being 100% locked. This locking mechanism ensures that the provided liquidity cannot be suddenly removed, adding a layer of security for traders.
Trading Platforms and Accessibility
YzY tokens are available across multiple trading platforms, providing various options for acquisition and trading. The primary decentralized exchange for YzY/SOL is PumpSwap, but the token is also accessible through:
- Maestro Bot
- Soul Sniper
- Jupiter aggregator
- Phantom wallet integration
- MEXC DEX+
This multi-platform availability enhances accessibility for traders using different interfaces and trading preferences within the Solana ecosystem.
Token Distribution and Holders
The current holder count for YzY stands at approximately 15 addresses, indicating a relatively concentrated ownership distribution. The largest token holder is address JCRGumoE9Qi5BBgULLTgdgTLjSgkCMSbF62ZZfGs84JeU, which contains 3.27 million YzY tokens.
The current valuation of these holdings is not available in the latest data, but the concentration of tokens in a single address may impact market dynamics and price stability.
Security and Technical Features
The YzY/SOL trading pair demonstrates several positive technical characteristics that contribute to its security profile:
- The token minting authority is disabled, preventing additional unauthorized creation of tokens
- Freezing authority is disabled, ensuring tokens cannot be arbitrarily frozen
- 0% of tokens were purchased via bundled buys, indicating organic distribution
- The most recent transaction occurred within the past 24 hours, showing some market activity
These features provide fundamental protections against common manipulation techniques sometimes seen in newer token projects.
Market Analysis and GT Score
The GT Score for YzY/SOL currently stands at 47.4 out of 100. This comprehensive metric evaluates multiple factors including liquidity, trading activity, holder distribution, and security features. While this score provides a moderate assessment, investors should consider it alongside other market factors and conduct additional research before making investment decisions.
The trading pair was created 27 days ago, placing it in the early stages of market presence. New tokens typically experience higher volatility and uncertainty compared to established cryptocurrencies.
Investment Considerations
When evaluating emerging tokens like YzY, several factors warrant careful consideration:
Liquidity Depth: The current liquidity pool of $8,718.80 provides basic trading support but may limit larger transactions without significant price impact.
Trading Activity: The absence of transactions in the past 24 hours suggests limited current market interest, which could affect entry and exit strategies.
Holder Concentration: With approximately 15 holders and significant concentration in one address, price volatility may be heightened by the actions of major holders.
Market Accessibility: Availability across multiple platforms improves accessibility but doesn't necessarily guarantee liquidity or trading volume.
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Frequently Asked Questions
What is YzY Token?
YzY is a digital token operating on the Solana blockchain, trading against SOL on decentralized exchanges. It's commonly associated with the Yeezy Coin name, though investors should verify official project documentation for accurate information.
How can I purchase YzY tokens?
You can acquire YzY through various decentralized exchanges including PumpSwap, Jupiter, and Phantom wallet integrations. Always ensure you're using verified contract addresses when making purchases.
What does the GT Score represent?
The GT Score is a comprehensive metric that evaluates multiple factors including liquidity, trading activity, and security features. A score of 47.4 suggests moderate fundamental strength but requires additional research for complete assessment.
Is the YzY liquidity pool secure?
The liquidity pool is 100% locked, which prevents sudden removal of funds. Additionally, the disabled minting and freezing authorities provide basic protections against supply manipulation.
How many holders does YzY currently have?
Approximately 15 addresses hold YzY tokens, with one address containing a significant portion of the total supply. This concentration may impact price stability.
What is the Fully Diluted Valuation?
The FDV of $74.20 represents the theoretical market capitalization if all tokens were in circulation. This metric helps contextualize the project's potential scale compared to its current trading valuation.
Conclusion
YzY presents as an early-stage token within the Solana ecosystem with moderate fundamental metrics. While the locked liquidity and disabled authorities provide basic security features, the low trading activity and holder concentration suggest careful consideration is warranted. As with any emerging digital asset, thorough research and risk assessment should precede investment decisions.
The cryptocurrency market remains highly volatile, particularly for newer tokens with limited trading history. Investors should monitor market developments, liquidity changes, and trading volume patterns when considering positions in emerging digital assets like YzY.