- Kanye West denies selling his X account to Barkmeta and warns against unauthorized meme coins.
- Crypto analysts believe Barkmeta has a history of scams, raising concerns over a potential rug pull.
Speculation is mounting over whether Kanye West, now known as Ye, has sold his X (formerly Twitter) account to Barkmeta for $17 million. However, Ye has publicly denied these claims, stating, “This is fake, I don’t know this person.” The controversy arises amidst discussions of a potential meme coin launch, leading to concerns about possible scams.
But crypto analysts have linked Barkmeta to fraudulent projects in the past. On-chain researcher Blade pointed out, “He has over 200k live audiences and posts crypto stuff daily. What you don’t know is that he is also one of the biggest Twitter scammers.” Blade said in a tweet.
As he stated, Barkmeta was allegedly behind the 2022 POX token rug pull and the abandoned DeFiApes NFT collection, which collapsed after raising over 22,000 ETH ($40M). These past actions have fueled fears that the Ye-linked project could follow a similar path.
Although Kanye once revealed that someone had offered him $2 million in exchange for his account to scam his crypto followers he claimed to have rejected the offer.
Crypto Community Divided on Kanye West’s Alleged Involvement
The debate over whether Kanye Ye genuinely sold his account continues. Blade presented “95% certainty” that the sale took place, citing changes in the account’s writing style and its sudden focus on cryptocurrency.
Barkmeta has leaned into the speculation, sarcastically posting, “Kanye West 100% sold his account (to me). Compare his early tweets to now—completely different in almost every way (because it’s me).”
Barkmeta’s post included an image showing two different phones logged into two different X accounts, one for Kanye and the other for Barkmeta.
Meanwhile, Ye has denied any ties to Barkmeta, calling the claims “not real” and distancing himself from any unauthorized coin launches. He assured followers, “When I do launch my coin, I will make it very clear and official.”
Also, Ye said via a tweet on X and assured he will be launching his own coin next but all current coins are fake. According to Polymarket, the odds that Kanye West will launch a memecoin in February rose to 76% and the crypto community anticipates it with eagerness.
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