YEREVAN (CoinChapter.com) — Reports claim Kanye West, also known as Ye, may have sold his X account to Barkmeta for $17 million ahead of a meme coin launch. The news has raised concerns, as Barkmeta has been linked to previous crypto scams.
Crypto analysts warn that Barkmeta’s involvement could indicate another potential rug pull. The project’s backers remain under scrutiny, as similar ventures have led to major financial losses for investors.
Barkmeta’s Track Record in Crypto Scams
Barkmeta is a known figure in the meme coin space and has been linked to multiple crypto scams. On-chain analyst Blade highlighted concerns about Barkmeta’s history.
“He has over 200,000 followers and posts about crypto daily. What you don’t know is that he is also one of the biggest Twitter scammers,”
Blade stated.
In 2022, Barkmeta allegedly orchestrated the POX token rug pull, leaving investors with worthless tokens. In 2023, Barkmeta collaborated on the DeFiApes NFT project, which raised over 22,000 Ethereum (ETH)—valued at more than $40 million. The team abandoned the project, causing investors to lose 90% of their funds.
Did Kanye West Sell His X Account to Barkmeta?
Speculation surrounding the X account sale intensified after Barkmeta hosted a Twitter Space discussing a meme coin linked to Ye. Blade pointed out that Ye’s X account showed unusual activity.
“Kanye West sold his X account for $17 million. The most anticipated meme coin launch is Barkmeta’s RUGPULL,” Blade claimed.
Followers noted changes in Ye’s X posts, which suddenly focused on cryptocurrency and promoted the meme coin. Additionally, Ye’s X account began following a Barkmeta team member, Tall, whom Blade identified as an alternate account of Barkmeta.
“The chance that Ye sold his account is above 95%. I do not recommend buying Kanye’s meme coin in any case,”
Blade added.
Suspicious Activity Around “Yeezy Coin”
On Feb. 23, a Yeezy Coin was promoted through the AB84 X account, which has ties to Barkmeta. The meme coin was rug pulled within hours, reinforcing concerns.
“So the team that dropped a fake Ye scam coin yesterday is now part of the official coin. (FYI AB doesn’t even know what happened yesterday because he sold his account),”
The rapid disappearance of Yeezy Coin raised further suspicions about the legitimacy of Ye’s meme coin project.
Kanye West Denies Any Ties to Barkmeta
Ye has denied selling his X account or working with Barkmeta.
“This is not real. I don’t know this person,”
Ye stated.
Despite this, Barkmeta mocked the speculation.
“Kanye West 100% sold his account (to me). Comparing his early tweets to his tweets now, completely different in almost every way (because it’s me),”
Barkmeta posted.
A photo shared by Barkmeta showed two phones—one allegedly logged into Ye’s X account, and the other displaying Barkmeta’s account.
YZY Meme Coin Allegedly Deployed
Reports indicate that someone has deployed a YZY token, but Ye has not confirmed an official meme coin launch. A crypto user also stated that Yeezy customers received messages directing them to a BankofYZY website.
“I’m not completely certain it’s not a leak from the Yeezy database, but the token does exist, although it is currently without liquidity,”
the user noted.
Above all, concerns remain regarding Barkmeta’s involvement, and crypto users continue to question the legitimacy of Ye’s meme coin venture.
