Hold onto your hats, folks, because the crypto world just got a little wilder! Cardi B, the unstoppable rapper with a flair for the dramatic, has stirred up a storm on social media with her latest venture into the meme coin mania. On October 7, Cardi B, or as her mama named her, Belcalis Marlenis Almanzar, took to her X account to introduce her followers to a furry new companion—a cat she dubbed a “new family member.” She playfully challenged her fans to guess the name of her feline friend.
But wait, there’s a twist! Hours after her cat reveal, Cardi dropped another bombshell. The cat's name? $WAP. And it wasn't just about the kitty; it came with a wallet address and a snazzy animated video promoting a meme coin. Talk about a double whammy!
The crypto community went into a frenzy, with some eyebrows reaching for the sky. Was this a genuine endorsement or a clever scam? Security experts, like those at Peckshield, sounded the alarm, suggesting Cardi’s account might have been hacked to peddle a possibly dodgy coin. They urged fans to tread carefully. Meanwhile, skeptics brushed off the warnings, claiming it was all part of the plan.
Adding to the drama, crypto detective CryptoRugMunch pointed out some shady business with $WAP’s top wallets. Apparently, the top 200 wallets holding this coin were brand spanking new and funded by bigger wallets within the project. Cue the rug pull panic—a sneaky scam where developers vanish with the loot, leaving investors high and dry.
As of now, $WAP is swimming in a cool $548,000 pool of liquidity, with a valuation hitting $17.6 million. The coin's price was holding at $0.01766, with over 20,000 transactions lighting up the blockchain. But the question remains: is this another celebrity-backed meme coin destined to crash and burn?
Adding more spice to the saga is crypto influencer Ansem, who joined the fray with a cheeky response to Cardi’s cat-naming post. Known for stirring the pot, Ansem's involvement didn’t go unnoticed, especially after being accused by blockchain sleuth ZachXBT of pushing low-cap meme coins onto his followers.
So, is Cardi B's $WAP a purr-fect investment or just a cat-astrophe waiting to happen? Only time will tell, but one thing’s for sure: the crypto world never has a dull moment!
