Kanye West Denies Meme Coin Rumors
Date: 2025-02-25 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
“I’m a wealthy person, but I’ve been let down by so-called friends before. However, the coin rumors are too much. If I decide to release my token, I will announce it officially,” Ye said.
A Blade analyst suggested that the rapper could have sold his X account to a well-known meme coin enthusiast, Barkmeta, for $17 million. In his opinion, this may be related to preparations for the launch of Ye’s cryptocurrency.
Blade claims that Barkmeta is using the account he received to promote a fraudulent scheme, and the upcoming token issue is an attempt at rug pull. During one of the X sessions dedicated to West’s possible token, Barkmeta evaded answering questions, which only increased suspicions.
After the alleged deal, the account's style of posts changed dramatically, focusing exclusively on cryptocurrency topics and the new token. In addition, West began following accounts associated with Barkmeta, including the profile of a user named Tall, who is considered his alter ego.
Barkmeta has previously been linked to unsuccessful crypto projects, such as AB84, which advertised Yeezy Coin. This token was quickly abandoned a few hours after its launch.
Some crypto analysts have already detected activity related to the "official" YZY token, but the project remains illiquid for now. Experts warn investors against participating in it.
CoinDesk previously speculated that Ye might issue a YZY token for his Yeezy brand on February 21. Subsequently, the media reported his intention to launch a token called Swasticoin, but all posts on this topic were later deleted.
