American Rapper Cardi B Endorses WAP Token | XRP News
Cardi B’s latest post concerning the meme token Wet A*s P*ssy (WAP) become a dramatic market shakeup. Within minutes, WAP’s market cap plunged from $2 million to simply $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 experiences, Cardi B shared a wallet handle on her official X account with the caption “even wetter than last time.” That single message despatched ripples via the crypto world. Prices leaped, then crashed. Market watchers had been left scratching their heads as billions of {dollars} in worth appeared to fade in mere moments.
Suspicious Wallet Activity
Blockchain trackers noticed one thing odd. A handful of wallets purchased massive chunks of WAP simply 5 days earlier than the tweet. They offloaded their tokens nearly instantly after Cardi B’s post, banking roughly 10 instances their unique stake.
So at the moment, @iamcardib remembered that she nonetheless 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 round 5 days… pic.twitter.com/7Nwr27rcZA
— dethective (@dethective) June 3, 2025
These sudden sells helped push the token’s price back down to round $0.00019. Based on experiences, this sample appears like a basic pump-and-dump. It raises questions on whether or not insiders deliberate the whole transfer.
POV you may owe thousands and thousands pic.twitter.com/j9FGLgoSBM
— ZachXBT (@zachxbt) June 4, 2025
History Of WAP Controversies
This isn’t the primary time WAP brought about bother. Back in October 2024, Cardi B gave it a shout-out, and security firm PeckShield flagged the token for potential malicious deeds.
That earlier buzz even led to an investigation by the UAE’s Securities and Commodities Authority after buyers raised alarms over fraud and market manipulation. Many within the crypto group thought everybody would steer clear this time. Instead, the previous slipped from reminiscence, resulting in heavy losses throughout again.
Investors Left Holding The Bag
In the final 24 hours, WAP’s worth dropped one other 80%. Now it trades close to the identical ranges it was on the finish of May. Everyday merchants who jumped on the hype discovered themselves watching purple numbers.
Based on experiences, some wallets walked away with tenfold returns in minutes. Meanwhile, others ended up with practically nugatory tokens. The velocity of this rise-and-fall serves as a harsh reminder: for those who buy a token proper because it peaks, you may be caught when the subsequent crash hits.
Cardi B’s follow-up post clarified that her account was not hacked, promising more from “$WAP space” quickly. 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 when 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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