Michaela
Ye, formerly known as Kanye West, has hinted at launching his own cryptocurrency token amid a series of provocative public statements in which the artist repeatedly called himself a “Nazi.”
In a series of now-deleted posts, Ye revealed plans to launch his own token next week — a notable departure from his earlier criticism of projects he claimed exploited fan enthusiasm with empty hype.
Reports suggest that Ye’s Yeezy brand will be incorporated into a new initiative aimed at launching a dedicated digital currency for his online platform. Speculation grew that the token could debut on the Binance Smart Chain, bolstered by the observation that Ye followed only select accounts on X — namely, former Binance chief Changpeng Zhao (CZ) and Tall (@tall_data), the Head of Business Development at Doginal Dogs.
In recent days, Ye has been actively sharing posts from Zhao and engaging with content related to BNB, Binance’s native cryptocurrency. Additionally, he indicated that the Ye crypto token will initially be available exclusively to Jewish individuals, friends, and family.
In line with his recent controversial comments, Ye has publicly labeled the token “Swasticoin.” However, according to CoinDesk, sources close to the artist suggest that the project may ultimately be branded as “YZY.”
These sources also indicate that Ye intends to hold 70% of the token’s supply, a move that has raised concerns over excessive centralization and could invite further regulatory scrutiny.
Despite reports hinting at a token launch as early as next week, Ye’s unpredictable behavior has led some observers to question whether this timeline will be met.
Rumors Emerge: Ye Sells Partial X Admin Rights
Amid these developments, reports suggest that Ye may have transferred partial administrative rights for his X account, which boasts 32 million followers, to meme coin trader and Doginals figure Barkmeta.
Deleted posts from Ye, featured an X Community Note that implied that Barkmeta and Tall are one and the same individual — allegedly the party behind acquiring control of his account.
“Kanye sold access to his account to @barkmeta, the account he follows (@tall _data) is barks alt account. The dark/light mode and time format changes between screenshots point to multiple people having access to his account. This will be a major liquidity extraction event,” the community post read.
In a post to X, Barkmeta refuted these claims. “Imagine the whole space telling us we’re scammers when it would’ve been so easy to rinse like $20M doing a fake Kanye coin today,” Barkmeta wrote.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
