Cardi B's WAP Memecoin Pump and Dump: A Wild Ride on Crypto Street

The Surge: From Zero to Hero

Hold onto your wallets, folks! Just the other day, Cardi B sent shockwaves through the crypto world by hyping up the Wet Ass and Pussy (WAP) memecoin on X. She dropped the contract address and declared, "WAP is back. Even wetter than last time." Boom! The price skyrocketed from a measly $0.0011 to a jaw-dropping $0.0022 intraday high. That's a 100% spike, baby!

The Crash: From Hero to Zero

But wait, the party didn't last long. In a blink, the token's market cap nosedived from a cool $2.5 million to a measly $139K. Talk about a rollercoaster! According to the crypto detective @dethective, the crash was triggered by some sneaky wallets that had been quietly hoarding WAP for about five days before Cardi's post. They dumped it right after, cashing in on 10X profits. Ouch!

Cardi's Encore: The Sequel No One Asked For

Fast forward to today, and it turns out @iamcardib still had a truckload of WAP tokens from her last promo back in October. Remember that? The token briefly hit a $40 million market cap before crashing harder than a frat party on a Sunday morning, dipping below $200K. Even the security gurus at PeckShield raised red flags, calling it out for potential shady business.

The Backlash: Crypto Community Ain't Having It

Crypto commentator Patrick Schmitt didn't hold back, slamming those who fell for the WAP scam again, saying, "If you fell again for Ghetto Trash @iamcardib and her $WAP Scam, well deserved! You will never learn!" Oof, that's gotta sting.

The Speculation: Money, Money, Money

On-chain sleuth ZachXBT jumped into the fray, dropping a comment on Cardi's post that read, "POV you might owe millions." Shots fired! He's hinting that Cardi's WAP comeback might be all about the Benjamins, especially with her ongoing cash battle with Offset over child support and alimony. It's getting real out here!