American Rapper Cardi B Endorses WAP Token | Crypto News
Cardi B’s latest post about the meme token Wet A*s P*ssy (WAP) turned into a dramatic market shakeup. Within minutes, WAP’s market cap plunged from $2 million to just $150,000. The token’s price shot up to $0.0020 briefly, then tumbled over 90% back to $0.00019, wiping away nearly all of this week’s positive aspects.
Celebrity Tweet Sparks Chaos
According to studies, Cardi B shared a pockets handle on her official X account with the caption “even wetter than last time.” That single message despatched ripples through the crypto world. Prices leaped, then crashed. Market watchers had been left scratching their heads as billions of {dollars} in worth appeared to vanish in mere moments.
Suspicious Wallet Activity
Blockchain trackers noticed one thing odd. A handful of wallets purchased large chunks of WAP just 5 days before the tweet. They offloaded their tokens nearly immediately after Cardi B’s post, banking roughly 10 occasions their unique stake.
So immediately, @iamcardib remembered that she still held a massive portion of the $WAP provide and determined to run one other pump and dump.
The token went from 2.5M to 139k a couple of minutes after the tweet
The dump was triggered by some wallets that purchased the token around 5 days… pic.twitter.com/7Nwr27rcZA
— dethective (@dethective) June 3, 2025
These sudden sells helped push the token’s price back down to around $0.00019. Based on studies, this sample appears like a traditional pump-and-dump. It raises questions about whether or not insiders deliberate the complete transfer.
POV you would possibly owe tens of millions pic.twitter.com/j9FGLgoSBM
— ZachXBT (@zachxbt) June 4, 2025
History Of WAP Controversies
This isn’t the first time WAP brought on hassle. Back in October 2024, Cardi B gave it a shout-out, and security firm PeckShield flagged the token for attainable malicious deeds.
That earlier buzz even led to an investigation by the UAE’s Securities and Commodities Authority after buyers raised alarms over fraud and market manipulation. Many in the crypto neighborhood thought everybody would steer clear this time. Instead, the previous slipped from reminiscence, main to heavy losses all over again.
Investors Left Holding The Bag
In the final 24 hours, WAP’s worth dropped one other 80%. Now it trades close to the identical ranges it was at the top of May. Everyday merchants who jumped on the hype discovered themselves staring at purple numbers.
Based on studies, some wallets walked away with tenfold returns in minutes. Meanwhile, others ended up with practically nugatory tokens. The pace of this rise-and-fall serves as a harsh reminder: if you buy a token proper as it peaks, you could be caught when the next crash hits.
Cardi B’s follow-up post clarified that her account was not hacked, promising more from “$WAP space” soon. Yet this clarification did little to calm nerves. Critics say it’s onerous to separate the artist’s real curiosity from a deliberate advertising push. Some level out that even if she didn’t straight benefit, her endorsement gave insiders precisely the highlight they needed to unload their shares.
Featured image from Andrew Kelly/Reuters/USA Today, chart from TradingView
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