Table of Contents
Once again, Kanye West, also known as Ye, has managed to grab global attention. This time, he is making waves in the crypto space with controversial rumors surrounding a potential cryptocurrency project. Recently, the rapper posted several crypto-related tweets, sending the community into a frenzy. These messages hinted at the possible launch of a memecoin called “Swasticoin.” While the idea initially seemed absurd, it quickly gained massive attention within the crypto sphere.
Crypto Community in Turmoil
Kanye’s tweets reached over 1.5 million followers and were shared more than 1,400 times before they were swiftly removed from X (formerly Twitter). The crypto community immediately jumped into discussions, suggesting various blockchain networks where Ye could potentially launch his memecoin.
🔹 Some of the most popular blockchain networks mentioned included:
- Binance Coin (BNB)
- Solana (SOL)
- Ethereum (ETH)
Kanye appeared to be genuinely seeking information as he began following Binance CEO Changpeng Zhao (CZ) on X. He even shared a tweet from CZ, further fueling speculation. Despite the growing hype, there is currently no concrete evidence that this project is moving forward beyond speculation and rumors.
Will Swasticoin Ever Be Launched?
In a series of follow-up tweets, Ye indicated his intention to launch Swasticoin through a decentralized exchange (DEX) rather than a centralized platform.
Binance CEO CZ responded with a warning, emphasizing that DEX platforms can be complex for beginners, potentially making the coin’s launch more challenging.
However, as of now, Swasticoin has not been officially launched, and it appears that the idea has been put on hold indefinitely.
Kanye is retweeting CZ
and the only person he follows is CZ…
BSC meme coin launch confirmed ✅ pic.twitter.com/TUmcL2MPzi
— Layah Heilpern (@LayahHeilpern) February 22, 2025
Scam Allegations and Hacked Account Rumors
As speculation intensifies, rumors are running wild regarding the legitimacy of Kanye’s involvement. Some crypto community members have suggested that Ye’s X account may have been compromised by third parties.
🔹 A few users suspect that Kanye temporarily handed over his account to a group known as “Barkmeta,” which could be the actual entity behind the controversial memecoin.
🔹 Other observers are pointing toward signs of a possible “Rug Pull” scam—a common crypto fraud scheme where developers attract investors, pump the price, and then disappear with the funds.
Several users also noted that the tweets appeared to be posted from different time zones, which adds to the speculation that Ye may not have been the one behind them.
Final Thoughts – A Marketing Stunt or Another Crypto Scam?
While Kanye West has not confirmed or denied his involvement, the controversy surrounding Swasticoin continues to grow. Whether this was an elaborate marketing ploy, a case of account hacking, or an actual attempt to launch a memecoin remains unclear.
One thing is certain: The crypto community is keeping a close watch on any developments related to Kanye and Swasticoin. Until more concrete details emerge, investors should approach with extreme caution and beware of potential scams. 🚨
- Concerns Grow Around XRP: New Investor Count Hits Four-Month Low - March 25, 2025
- Ethereum Under Pressure: U.S. ETH ETFs Face Worst Streak Ever—But There’s Still Hope - March 25, 2025
- How Much XRP Do You Need to Become a Millionaire? - March 24, 2025
