The alleged sale of Kanye West's X (formerly Twitter) account has stirred discussions within the crypto community. Rumors of a sale to Barkmeta have raised concerns about potential fraud ahead of the $YZY meme coin launch.
Speculation and Risk
Crypto influencers have voiced concerns over the rumored sale of West’s account to Barkmeta, known for past controversy-laden projects. These rumors surfaced amidst the upcoming launch of the $YZY meme coin, which has already faced scrutiny. Barkmeta's involvement in previous failed ventures like the POX token rug pull and the DeFiApes NFT project increases suspicions surrounding the company's intentions.
$YZY Launch and Market Expectations
The $YZY meme coin, tied to Kanye West’s Yeezy brand, has triggered interest, notably after reports suggest West intends to keep 70% of the total supply. This move mirrors a strategy similar to Donald Trump’s token launch, sparking debate in the community over the project's success.
Kanye West's Denial
Despite escalating rumors, Kanye West has denied selling his X account. He has stated that he has no dealings with Barkmeta, dismissing the rumors as 'not real.' However, skepticism about the $YZY coin remains as the community awaits official information concerning the project's launch.
While the veracity of Kanye West account sale rumors remains uncertain, the crypto community closely monitors the situation surrounding the $YZY meme coin. West's denials may not ease investor concerns until the project officially launches with increased transparency from all parties involved.
