The post Kanye West Denies Barkmeta Ties Amid Meme Coin Controversy appeared on BitcoinEthereumNews.com.

Recent reports suggest that rapper and entrepreneur Kanye West, now known as Ye, may have sold his X (formerly Twitter) account to Barkmeta. The sale allegedly comes ahead of a planned crypto launch. The project has raised concerns, with allegations that untrustworthy third-party groups with a track record of fraud are involved. Crypto influencers are raising red flags, warning that it could be a potential scam. At the center of the controversy is Barkmeta. Barkmeta is a meme coin trader and Doginals figure who is said to have acquired Ye’s X account. Industry insiders have long accused Barkmeta of orchestrating fraudulent ventures. On-chain analyst Blade pointed to a troubling track record of Barkmeta.  “He has over 200k live audience and post crypto staff daily. What you don’t know is that he is also one of the biggest Twitter scammers,” the post read. In 2022, Barkmeta allegedly masterminded the POX token rug pull. More recently, in 2023, Barkmeta collaborated with well-known crypto traders to launch the DeFiApes non-fungible token (NFT) collection. The project raked in over 22,000 Ethereum (ETH).  It was valued at more than $40 million at the time. Nevertheless, the team reportedly abandoned it, triggering a price collapse that wiped out over 90% of investors’ funds. Blade also drew attention to mounting evidence of his ties to Ye’s crypto venture.  “Kanye West sold his X account for $17 MILLION. The most anticipated meme coin launch is Barkmeta’s RUGPULL,” he remarked. Following Ye’s announcement of an upcoming token launch, Barkmeta hosted a Twitter Space to hype the project. He boldly proclaimed it to be “the biggest meme coin” and promised easy profits for all.  Yet, as the discussion unfolded, Blade noted Barkmeta’s evasive responses to critical questions, describing him as tense and unconvincing.  Adding to the suspicion, Ye’s official X…

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Filed under: News - @ February 24, 2025 6:25 am