{"id":5069,"date":"2025-06-05T04:11:15","date_gmt":"2025-06-05T04:11:15","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/american-rapper-cardi-b-endorses-wap-token-again-but-is-it-a-rugpull\/"},"modified":"2025-06-05T04:11:15","modified_gmt":"2025-06-05T04:11:15","slug":"american-rapper-cardi-b-endorses-wap-token-again-but-is-it-a-rugpull","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/american-rapper-cardi-b-endorses-wap-token-again-but-is-it-a-rugpull\/","title":{"rendered":"American Rapper Cardi B Endorses WAP Token Again\u2014But Is It A Rugpull?"},"content":{"rendered":"

Cardi B\u2019s recent post about the meme token Wet A*s P*ssy (WAP) turned into a dramatic market shakeup. Within minutes, WAP\u2019s market cap plunged from $2 million to just $150,000. The token\u2019s price shot up to $0.0020 briefly, then tumbled over 90% back to $0.00019, wiping away almost all of this week\u2019s gains.<\/p>\n

Celebrity Tweet Sparks Chaos<\/strong><\/h2>\n

According to reports, Cardi B shared a wallet address on her official X account with the caption \u201ceven wetter than last time.\u201d That single message sent ripples through the crypto world. Prices leaped, then crashed. Market watchers were left scratching their heads as billions of dollars in value seemed to vanish in mere moments.<\/p>\n

Suspicious Wallet Activity<\/strong><\/h2>\n

Blockchain trackers spotted something odd. A handful of wallets bought big chunks of WAP just five days before the tweet. They offloaded their tokens almost immediately after Cardi B\u2019s post, banking roughly 10 times their original stake.<\/p>\n

\n

So today, @iamcardib<\/a> remembered that she still held a large portion of the $WAP<\/a> supply and decided to run another pump and dump.<\/p>\n

The token went from 2.5M to 139k a couple of minutes after the tweet<\/p>\n

The dump was triggered by some wallets that bought the token around five days\u2026 pic.twitter.com\/7Nwr27rcZA<\/a><\/p>\n

\u2014 dethective (@dethective) June 3, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

These sudden sells helped push the token\u2019s price back down to around $0.00019. Based on reports, this pattern looks like a classic pump-and-dump. It raises questions about whether insiders planned the entire move.<\/p>\n

\n

POV you might owe millions pic.twitter.com\/j9FGLgoSBM<\/a><\/p>\n

\u2014 ZachXBT (@zachxbt) June 4, 2025<\/a><\/p>\n<\/blockquote>\n

History Of WAP Controversies<\/strong><\/p>\n

This isn\u2019t the first time WAP caused trouble. Back in October<\/a> 2024, Cardi B gave it a shout-out, and security firm PeckShield flagged the token for possible malicious deeds.<\/a><\/p>\n

That earlier buzz even led to an investigation by the UAE\u2019s Securities and Commodities Authority after investors raised alarms over fraud and market manipulation. Many in the crypto<\/a> community thought everyone would steer clear this time. Instead, the past slipped from memory, leading to heavy losses all over again.<\/p>\n


\nInvestors Left Holding The Bag<\/strong><\/p>\n

In the last 24 hours, WAP\u2019s value dropped another 80%. Now it trades near the same levels it was at the end of May. Everyday traders who jumped on the hype found themselves staring at red numbers.<\/p>\n

Based on reports, some wallets walked away with tenfold returns in minutes. Meanwhile, others ended up with nearly worthless tokens. The speed of this rise-and-fall serves as a harsh reminder: if you buy a token right as it peaks, you might be stuck when the next crash hits.<\/p>\n

Cardi B\u2019s follow-up post clarified that her account was not hacked, promising more from \u201c$WAP space\u201d soon. Yet this explanation did little to calm nerves. Critics say it\u2019s hard to separate the artist\u2019s genuine interest from a planned marketing push. Some point out that even if she didn\u2019t directly benefit, her endorsement gave insiders exactly the spotlight they needed to unload their shares.<\/p>\n

Featured image from Andrew Kelly\/Reuters\/USA Today, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cardi B\u2019s recent post about the meme token Wet A*s P*ssy (WAP) turned into a dramatic market shakeup. Within minutes, WAP\u2019s market cap plunged from $2 million to just $150,000. The token\u2019s price shot up to $0.0020 briefly, then tumbled over 90% back to $0.00019, wiping away almost all of this week\u2019s gains. Celebrity Tweet…<\/p>\n","protected":false},"author":1,"featured_media":5070,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[550],"tags":[2647,19,141,163,2648,2649,2650],"class_list":["post-5069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-meme-coins","tag-cardi-b","tag-crypto","tag-meme-coins","tag-memecoins","tag-rugpull","tag-scam","tag-wap-token"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5069"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5070"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}