Kanye West Allegedly Sells X Account to Barkmeta for $17 Million
Kanye West may have sold his X account to Barkmeta for $17 million, raising concerns in the crypto community about potential fraud. Analysts cite Barkmeta's history with scams as a red flag.
- Barkmeta is known for meme coin trading and has faced accusations of orchestrating scams.
- In 2022, Barkmeta was involved in the POX token rug pull.
- In 2023, he was linked to the DeFiApes NFT collection, which raised over 22,000 ETH but collapsed, causing heavy investor losses.
- On-chain analyst Blade stated that the likelihood of Ye’s account being sold is above 95% and advised against investing in the upcoming meme coin.
- Ye's account activity shifted to focus on crypto promotions and began following Barkmeta’s team member, Tall.
- Barkmeta hosted a Twitter Space promoting the project, but responses to tough questions were evasive.
- An account allegedly controlled by Barkmeta promoted “Yeezy Coin,” which was quickly exposed as a scam.
- Barkmeta joked about owning Ye’s account, sharing an image suggesting access to it.
- Ye denied involvement with Barkmeta and emphasized any future coin launch will be official and transparent.
- A report indicated an official YZY meme coin was deployed, but warnings about suspicious links surfaced, noting the token lacks liquidity.
The community remains cautious amid these developments.