Mainstream Hip Hop artist & entertainer Cardi B is back at her dubious WAP meme coin shilling, but as can be expected, this is going to be a smooth ride for WAP fans. “WAP is back. Even wetter then the last time”, read Cardi’s grammatical error-filled comeback message.
Something About WAP Doesn’t Smell Right
But what really caught the crypto community off guard was ZachZXBT’s remark. The highly popular on-chain sleuth took it a step further to link Cardi B’s fresh WAP meme coin campaign with her legal troubles. Offset, one third of the legendary Trap band Migos, has requested his ex-wife spousal support. If the promotion of her meme coin is truly tied to the new diverse case filing, the question remains: could it be paid in Cardi’s signature WAP meme coin?
However, the wettest kitty on Solana’s wide range of obscure celebrity meme coins saw a 77.7% price crash over the past 24 hours. In a monthly perspective, things are not looking as bad – WAP rebounded 343.5% in 30 days, but is down over 99% from the all-time peak, just like most other celebrity meme coins on Solana, including fellow rapper Iggy Azalea’s crypto.
Sponsored
Right now, this Cardi B signature meme coin trades at $0.0002279, witnessing a sharp drop in WAP market capitalization. The $2 million on the evening of June 3, 2025 turned into just $226K, crunching over 90% of the downtrodden Solana meme coin’s market cap overnight.
On The Flipside
- There’s a huge difference between the new WAP campaign & the first time Cardi B had posted about WAP back in October, 2024, when WAP price hit $0.038 ATH.
- Then, multiple on-chain detectives and security firms initially thought that Cardi B’s X account was hacked, but the rapper quickly doubled down on the meme coin.
Why This Matters
Keeping cautious of flagged crypto currencies assists investors in making less hype-based decisions. Moreover, zooming out of the hourly charts gives us a good understanding of the coin’s relevancy in the market.
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Solana celebrity meme coins, like Cardi B’s $WAP, are speculative tokens on the Solana blockchain, often tied to celebrity names but lacking real utility and prone to scams.
$WAP is a Solana-based meme coin promoted by Cardi B, with a 1 billion token supply, but it’s been flagged for potential fraud due to questionable crypto wallet activity.
They’re extremely risky, with $WAP specifically linked to scam allegations, making them a dangerous bet for inexperienced investors.
$WAP’s wallet was tied to prior crypto scams by security analysts, and despite Cardi B’s denials, fraud concerns persist, casting doubt on her involvement.
Use a Solana wallet like Phantom and trade on Dexscreener, but $WAP’s scam allegations mean you should avoid it unless you’re ready to lose your investment.