In Summary
Reports claim Kanye West sold his X (formerly Twitter) account to Barkmeta for $17 million prior to a cryptocurrency launch.
Crypto analysts link Barkmeta to previous scams, including the POX token rug pull and a failed NFT project.
Ye denies association with Barkmeta, promises an official meme coin launch, and warns against unauthorized tokens.
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Recent reports suggest that rapper and entrepreneur Kanye West, now known as Ye, may have sold his X (formerly Twitter) account to Barkmeta. This sale reportedly took place prior to the launch of a cryptocurrency project.
This project has raised concerns, with allegations of involvement by untrustworthy third-party groups with a history of scams. Crypto influencers are warning that this could be a potential scam.
Barkmeta’s Concerning Track Record
At the center of the controversy is Barkmeta. Barkmeta is a meme coin trader and a prominent figure in the Doginals community, who allegedly acquired Ye’s X account. Industry insiders have long accused Barkmeta of orchestrating fraudulent projects.
On-chain analyst Blade pointed out Barkmeta’s troubling history.
“He has over 200k live viewers and posts about crypto daily. What you don’t know is that he is also one of the biggest scammers on Twitter,” the post stated.
In 2022, Barkmeta was allegedly behind the POX token rug pull. More recently, in 2023, Barkmeta collaborated with prominent crypto traders to launch the DeFiApes non-fungible token (NFT) collection. The project raised over 22,000 Ethereum (ETH).
Its value exceeded $40 million at the time. However, the team allegedly abandoned the project, leading to a price collapse that resulted in the loss of over 90% of investors’ funds.
Did Ye Sell His Account to Barkmeta?
Blade also pointed to growing evidence of his connection to Ye’s cryptocurrency project.
“Kanye West sold his X account for $17 million. The most anticipated meme coin launch is Barkmeta’s RUGPULL,” he remarked.
After Ye announced the upcoming token launch, Barkmeta hosted a Twitter Space to promote the project. He boldly claimed it was the “biggest meme coin” and promised easy returns for everyone.
However, as the discussion progressed, Blade noticed Barkmeta evading crucial questions, describing him as nervous and unconvincing.
Adding to the suspicion, Ye’s official X account began following a member of Barkmeta’s team, known as Tall—a figure Blade alleges is Barkmeta’s alternate account.
Another suspicious detail that Blade highlighted was the sudden change in his writing style. His posts revolved solely around cryptocurrency, aggressively promoting the meme coin launch.
The likelihood that YE’s account has been sold is over 95%. I do not recommend you buy Kanye’s meme coin under any circumstances,” he concluded.
Further complicating matters, users also alleged that Barkmeta controls the AB84 X account. On February 23rd, this account promoted an alleged “Yeezy Coin.” This token was quickly exposed as a scam after being rug pulled within hours.
“So the team that launched a fake Ye scam coin yesterday is now part of the official coin. (FYI AB didn’t even know what happened yesterday because he sold his account),” another user posted.
Kanye West Denies Association with Barkmeta
However, Barkmeta mocked the situation.
“Kanye West 100% sold his account (to me) compare his old tweets to the tweets now completely different in almost every way (because its me) humans dont change that fast no matter personal situations (because im using it),” he posted.
The account also shared an image showing two phones. One was supposedly logged into Ye’s X account, and the other displayed his own account. This post fueled further speculation that Barkmeta has direct access to Ye’s social media.
In response, Ye denied any involvement.
“This is not real. I don’t know who this person is,” he stated.
He acknowledged past betrayals but called his coin launch a “new frontier.”
“When I launch my coin, I will make it clear and official,” he added.
Although the launch date remains unconfirmed, a crypto user reported that Ye’s official meme coin, YZY, appears to have been deployed.
According to this user, Yeezy customers received a message directing them to a website called BankofYZY. However, he cautioned against interacting with this link.
“I am not completely sure that this is not a leak from Yeezy’s database, but this token does exist, although there is no liquidity at the moment,” he stated.
With growing concerns about Barkmeta’s role and the sudden change in Ye’s online activity, the crypto community is bracing itself for what comes next.
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