According to @bubblemaps, the $YZY token was created on August 17, source: @bubblemaps on X, Aug 21, 2025. All early transactions that followed were from team wallets, source: @bubblemaps on X, Aug 21, 2025. The first real external buy occurred on August 21 when wallet AwY1V purchased about $250,000, source: @bubblemaps on X, Aug 21, 2025.

According to Bubblemaps, the MELANIA team said it brought in a market maker, but this does not account for the persistent on-chain selling the firm tracked (source: Bubblemaps on X, Aug 12, 2025). Bubblemaps states that the selling it observed originated from team wallets, indicating insider distribution as the sell-side source (source: Bubblemaps on X, Aug 12, 2025). Bubblemaps emphasizes that these wallet outflows, rather than external market-making activity, explain the continuous sell flow in $MELANIA observed on-chain (source: Bubblemaps on X, Aug 12, 2025).