In the wild world of meme coins, where fortunes can flip faster than a celebrity tweet, one trader is making headlines for their unyielding optimism—or perhaps sheer stubbornness—on $YZY. This Solana-based token, inspired by Kanye West's Yeezy brand, has been a rollercoaster since its recent launch, briefly hitting a staggering $3 billion market cap before crashing down. Amid this volatility, on-chain sleuths at Lookonchain spotted a trader, identified by the address 0x68c0, diving back in for a third time despite racking up hefty losses.

According to the Lookonchain tweet, this trader just opened a 3x leveraged long position on $YZY. For those new to the lingo, a "long" position means betting that the price will go up, and "leveraged" means borrowing money to amplify potential gains—or losses. The 3x leverage here triples the exposure, turning a small price move into a big swing in your wallet.

But this isn't their first rodeo today. In the past hour alone, they've tried twice before, closing both positions at a combined loss of about $159,600. That's no small change, especially in the high-stakes game of meme coin trading.

Looking at the trading logs, you can see the frenzy: multiple opens at varying prices, followed by quick closes that locked in red numbers. The largest hit came from a position closed at $1.4752, resulting in a $24,266 loss, among others.

The completed trades tab paints an even clearer picture, with two $YZY longs clocking in losses of $145,511 and $13,962. This trader's history shows a mix of wins and losses across other assets like BTC and ENA, but $YZY seems to be their current obsession.

And now, for the third attempt: a fresh 3x long position. As per the dashboard on Hyperdash, they're sitting on an unrealized loss already, with the position valued at over $251,000 but dipping into the red.

Community reactions on X are a mix of amusement and concern. Some call it gambling addiction, others root for the third time to be the charm. One user quipped, "Some people really just have short term gambling addicting here," while another suggested, "Maybe just try shorting instead?"

$YZY itself is a fresh entrant in the meme coin arena, launched amid hype around Kanye West (now Ye). While rumors swirled about official ties, it's largely community-driven on Solana's pump.fun platform. Prices have been erratic, trading around $0.0085 with a market cap hovering in the low millions after the initial pump and dump.

This story highlights the perils of leveraged trading in volatile meme tokens. One wrong move, and you're liquidated—forced to sell at a loss when your position hits a certain threshold. For blockchain practitioners, it's a reminder to DYOR (do your own research) and manage risks wisely. If you're eyeing $YZY or similar memes, consider spot trading instead of leverage to avoid these heart-stopping moments.

Stay tuned to Meme Insider for more updates on $YZY and other hot meme tokens shaking up the crypto space. What's your take—bold strategy or reckless gamble?