Ye's X Account Sale: Meme Coin Scam Fears Emerge

Kanye West's X Account Sale Sparks Meme Coin Rug Pull Fears

Rapper and entrepreneur Kanye West, now known as Ye, has sparked concerns about a potential scam involving his X (formerly Twitter) account. Reports suggest that Ye may have sold his account to Barkmeta, a meme coin trader and Doginals figure with a history of fraudulent ventures. Industry insiders have long accused Barkmeta of orchestrating rug pulls, with the most recent incident involving the POX token in 2022 and the DeFiApes NFT collection in 2023.

On-chain analyst Blade pointed to Barkmeta's troubling track record and raised red flags about Ye's crypto venture. Following Ye's announcement of an upcoming token launch, Barkmeta hosted a Twitter Space to hype the project, claiming it would be "the biggest meme coin" and promising easy profits for all. However, Blade noted Barkmeta's evasive responses to critical questions and described him as tense and unconvincing during the discussion.

Adding to the suspicion, Ye's official X account began following one of Barkmeta's team members, known as Tall, who Blade alleges is an alternate Barkmeta account. Additionally, Ye's writing style shifted dramatically, with his posts exclusively about cryptocurrency and aggressively hyping up the meme coin launch. Blade concluded that the chance of Ye's sold account was above 95% and advised against buying Kanye's meme coin.

Further complicating matters, users have also alleged that Barkmeta controls the AB84 X account. On February 23, the account promoted a supposed "Yeezy Coin," which was quickly exposed as a scam after being rug pulled within hours. Users speculated that the team behind the fake Ye scam coin was now part of the official coin launch.

Despite the mounting evidence, Barkmeta poked fun at the situation, posting that Kanye West had sold his account to him and sharing an image showing two phones, one allegedly logged into Ye's X account and the other displaying his own. This intensified speculation that Barkmeta had direct access to Ye's social media.

In response, Ye denied any involvement, stating, "This is not real. I don’t know this person." He acknowledged past betrayals but called his coin launch "next level." While the launch date has yet to be