- Rumors of Kanye West selling his X account to Barkmeta spark concerns over potential scams and risks linked to the upcoming $YZY meme coin launch.
- Despite Kanye West denying the sale of his X account, suspicions grow due to Barkmeta’s involvement and the promotion of a fraudulent Yeezy Coin.
Rumors surrounding Kanye West’s X (formerly Twitter) account sale have sparked panic within the meme coin community. The speculation revolves around the possibility that West has sold access to his account to Barkmeta, a prominent figure in the crypto market, ahead of his planned meme coin launch. The rumors, amplified by crypto influencers, have raised concerns about potential scams and market manipulation linked to the sale.
According to the ETHNews report, this move came in the lead-up to the launch of West’s $YZY memecoin, a project that has already received attention and criticism. The rumors about the sale have raised red flags among crypto enthusiasts, who point to Barkmeta’s troubled track record in launching questionable projects.
Barkmeta has been involved in several high-profile ventures that collapsed, including the 2022 POX token rug pull. More recently, he was associated with the DeFiApes NFT collection, which raised over 22,000 Ethereum (ETH), only for the project to collapse shortly after. Such incidents have led some to view Barkmeta with suspicion, especially in the context of the Kanye West rumors.
The $YZY Meme Coin Launch and Market Speculation
The buzz around the $YZY meme coin, linked to West’s Yeezy brand, intensified in mid-February 2025. Amid growing speculation, reports suggested that West would retain 70% of the coin’s total supply, a move similar to Donald Trump’s TRUMP token. This announcement sparked heated discussions within the crypto community, with odds placed on the project’s success, setting high expectations despite its uncertainty.
JUST IN: Kanye West memecoin launch odds jump to 53% on Polymarket
Odds hit 76% earlier today amid reports of an upcoming $YZY launch 👀
Who would buy this? pic.twitter.com/FvDxcyUgjH
— BlockNews (@blocknewsdotcom) February 21, 2025
In response to the rumors about Barkmeta’s involvement, on-chain analyst Blade noted that the evidence pointing to the sale of West’s X account was mounting. According to Blade, the recent developments suggested that the rapper had sold his account to Barkmeta for $17 million. This claim was further supported by observations of unusual activity on West’s X account, including its interaction with Barkmeta’s team.
🚨BREAKING: Kanye West sold his X account for $17 MILLION
The most anticipated memecoin launch is Barkmeta's RUGPULL
I've investigated the full story behind this and was shocked
Here is what will happen and who is standing behind YE memecoin👇🧵 pic.twitter.com/7i8i2WuCSP
— BLADE (@BladeDefi) February 23, 2025
As the rumors surrounding the X account sale spread, many crypto traders expressed concerns about the legitimacy of the $YZY coin. Barkmeta’s involvement in promoting the project has only added fuel to these worries, with some claiming that his past actions could put investors at risk.
The situation became more complicated after users noticed that the AB84 X account, associated with Barkmeta, had promoted a “Yeezy Coin” that was quickly exposed as a scam. The token was allegedly rug-pulled within hours, prompting further suspicion about the risks involved in investing in West’s upcoming meme coin.
Kanye West Denies Selling X Account
Despite the growing speculation, Kanye West has denied any involvement with Barkmeta. In a statement, he rejected the claims that he had sold his X account, calling the rumors “not real” and asserting that he did not know the person behind them. West acknowledged past challenges but stated that his upcoming coin launch would be “next level” and would be officially announced when the time was right.
Although West’s denial has done little to quell the growing skepticism, it remains unclear when or if the $YZY meme coin will officially launch. However, some users have reported receiving messages about the coin, directing them to an unverified website called BankofYZY.