A big mistake on the Solana blockchain has caught everyone’s attention. One trader lost more than $710,000 in only four hours after trying to make quick money with a new token called YZY.
The trader spent 4,216 SOL, worth about $768,000, to buy 27.72 million YZY tokens. Just four hours later, the same trader sold all the tokens for only 328 SOL, which was worth around $58,000. This means the person lost almost all of the money in less than half a day.
YZY is a new type of memecoin. These coins are often based on internet jokes or trends. They can go up very fast when people get excited but can also fall just as quickly when that excitement fades. That is what happened in this case, where the price crashed soon after the big buy.
YZY is one of many new Solana-based SPL tokens that gained attention in August 2025. Like other memecoins, it relies heavily on community hype rather than proven use cases. When buyers flood in, prices can shoot up, but if selling pressure builds, the lack of liquidity quickly turns trades into large losses.
Records show a fast buy and sell
Data from Solana’s blockchain shows the trader bought YZY on August 19, 2025, when Solana’s own coin SOL was trading near $182. The purchase was very large, pushing the total value close to $768,000.
But within four hours, the value of YZY dropped heavily. When the trader tried to sell, the price kept falling, and there were not enough buyers to take all the tokens at a good price. This forced the trader to sell at a huge loss.
The wallet history also shows that this account had no record of making such big trades before. This suggests it might have been an impulsive decision rather than a carefully planned move.
How Cyber Attacks on Industrial Control Systems Can Endanger Lives ?
Events like this are common in the world of memecoins. Many times, tokens are hyped on social media, prices rise quickly, and then crash when people rush to sell. Traders who buy in late or invest too much money can end up losing nearly everything.
This type of trading activity is often seen with low-liquidity tokens. Prices can look attractive during sudden bursts of demand, but selling the same tokens later may cause the price to crash further. That is exactly what happened in this case, turning what may have started as a high-stakes bet into one of the biggest losses on record for the token.
Ripple effect on Solana and other traders
Even though the loss was tied to YZY, it caused some worry across the Solana community. After the news spread, Solana’s coin SOL fell about 1.2 percent in the next 24 hours. The drop was small, but it showed that traders were being more cautious.
Other blockchain records showed that some large holders of SOL slowed down their buying after this event. This is common when big losses make people nervous about what could happen to other tokens in the same system.
Cyberattack Catastrophe: How Hackers Can Endanger Human Lives ?
Analysts say sudden losses like this can scare away smaller investors. Even if there is no scam, the fear of a “pump-and-dump” situation makes many people hesitate. In this case, no fraud has been proven. It looks more like a risky bet gone wrong.
In total, the trader lost about $710,000 in less than 12 hours from the time of buying to selling. This shows how fast things can change in the crypto world.
