Cardi B Promotes WAP Memecoin—Price Crashes 80% in One Day!
The memecoin pattern is getting greater, and lots of celebrities are becoming a member of in. Well-known names like Donald Trump, Elon Musk, Andrew Tate, Wiz Khalifa, and Caitlyn Jenner have promoted totally different memecoins.
However many of those cash turned out to be scams or precipitated huge issues.
Now, Grammy-winning American rapper Cardi B has discovered herself in the course of a crypto storm after selling the WAP memecoin. After the submit, crypto watchers shortly known as it out, warning it could possibly be one other rip-off.
On her official X account, Cardi B shared a submit concerning the WAP, a cat-themed memecoin and abbreviation of “Moist Ass Pussy. She even included a pockets handle in her tweet, saying it was “even wetter then final time,” a reference to her well-known tune.
Proper after this, a number of individuals within the crypto world spoke out. They stated that the pockets handle Cardi B posted has been linked to shady exercise earlier than.
In the meantime, this isn’t the primary time Cardi B has promoted the WAP token. Final yr in October, she promoted $WAP and posted the identical pockets handle. Again then, blockchain safety specialists warned that this handle could possibly be used for scams.
Why Are Specialists Calling It a Rip-off?
In style crypto investigator ZachXBT questioned why Cardi B would share this memecoin now. He urged that perhaps Cardi B is attempting to generate income quick as a result of she’s in the course of a messy cut up from her husband, Offset.
Cardi B had even stated that Offset wasn’t serving to with youngster help, so some marvel if she’s selling these cash to cowl her payments.
WAP Token Value Crashed BY 80%
Proper after Cardi B posted about it, the worth of the token market cap shortly dropped, from $2.5 million to only $139,000 in a couple of minutes. As of now, WAP token is buying and selling around $0.000197, reflecting a value drop of 80% in a day.
Pseudonymous detective crypto observed one thing unusual with the WAP memecoin. He highlighted that some whales had purchased WAP tokens about 5 days earlier than the tweet.
Simply after Cardi B’s submit, these individuals bought their tokens quick and made about 10x the cash they invested.
Specialists imagine she may need helped trigger the worth leap on function to generate income, a transfer known as “pump and dump.”
