PANews reported on August 21st that data showed the $YZY token's market capitalization reached $3 billion within two hours before falling back. On-chain transaction volume reached $512 in just three hours. Scooter, a crypto influencer who previously broke the inside story about the LIBRA token, tweeted that the release of YZY five hours after Hayden Davis' funds were unfrozen was likely no coincidence.

This morning , a Manhattan federal judge unfroze $57.6 million in USDC assets linked to the Libra (LIBRA) meme coin scandal. The assets were previously frozen after investors accused Hayden Davis (CEO of Kelsier Labs) and Ben Chow (founder of Meteora) of misleading them. The judge noted that the defendants cooperated in the lawsuit, while the plaintiffs failed to prove irreparable harm, and that the case remains in its early stages.