**Kanye West’s X Account Sale Rumors Raise Alarm Bells Over $YZY Meme Coin Launch and Potential Scams**
Exciting yet concerning rumors have emerged about Kanye West potentially selling his X account to Barkmeta, stirring anxiety within the meme coin community regarding the upcoming $YZY meme coin launch. Although Kanye has denied selling his account, the involvement of Barkmeta and the promotion of a dubious Yeezy Coin have fueled suspicions.
The speculation suggests that West may have granted access to his account to Barkmeta, a notable figure in the crypto space, just before the anticipated launch of his meme coin. These rumors, which have been amplified by various crypto influencers, have raised alarms about possible scams and market manipulation associated with the sale. According to a report from ETHNews, this speculation coincides with the lead-up to West’s $YZY memecoin launch, a project that has already attracted both interest and criticism.
Concerns have been heightened among crypto enthusiasts, particularly due to Barkmeta’s questionable history with launching projects. He has been linked to several high-profile failures, including the notorious 2022 POX token rug pull. More recently, he was involved with the DeFiApes NFT collection, which managed to raise over 22,000 Ethereum (ETH) before collapsing shortly thereafter. Such past incidents have led many to view Barkmeta with skepticism, especially in light of the rumors surrounding Kanye West.
The excitement around the $YZY meme coin, associated with West’s Yeezy brand, has been building since mid-February 2025. Amidst the growing buzz, reports indicated that West would retain 70% of the coin’s total supply, mirroring a strategy similar to Donald Trump’s TRUMP token. This announcement ignited lively discussions within the crypto community, with many placing bets on the project’s success, despite the inherent uncertainties.
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 light of the rumors regarding Barkmeta’s involvement, on-chain analyst Blade has pointed out that evidence suggesting the sale of West’s X account is accumulating. Blade claims that recent developments indicate the rapper sold his account to Barkmeta for a staggering $17 million. This assertion is bolstered by observations of unusual activity on West’s X account, including interactions 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’s what will happen and who is behind the YE memecoin. pic.twitter.com/7i8i2WuCSP — BLADE (@BladeDefi) February 23, 2025
As the rumors about the X account sale continue to circulate, many crypto traders are voicing their concerns about the legitimacy of the $YZY project, highlighting the need for caution in this volatile market.
