The promotion of Cardi B of the WAP -Memecoin on X recently led to a price increase of 100%, only for its market capitalization to crash from $ 2.5 million to $ 139k shortly thereafter, as portfolios that had collected five days before the post.
On June 3, rapper Cardi B promotes the memecoin wet ass and pussy (wap) on x, to share The contract address and explains: “Wap is back. Even wetter than the last time.” Her post sent the price of WAP and rises from the opening price from $ 0.0011 to an intraday highlight of $ 0.0022 – a 100% peak.
However, the hype was short -lived. Within a few minutes, the market capitalization of $ 2.5 million token fell to just $ 139,000. According to X user @DethectiveThat Kols’ dumps exposes, the crash was activated by portfolios who had quietly collected WAP about five days before the X -post of Cardi and sold immediately afterwards, so that 10x profit was obtained.
Apparently, Cardi B held a large part of the wap -token stock of the last time she had promoted it, which was in October last year. At the time, token briefly rose to a market capitalization of $ 40 million before he crashed below $ 200,000. Security company Peckshield even marked it for possible malignant activity.
‘If you fell for ghetto waste again @iamcardib and hair $ Wap Scam, well deserved! You will never learn! ” said Crypto commentator Patrick Schmitt called those who exchanged the WAP -Memecoin after what had happened last year.
Sleuthxbt on the chains went into the WAP discussion about X and responded directly to the post of Cardi B “POV, you could owe millions”, which implies that her return to promote WAP may be financially motivated and compensates for her continuous financial disputes with disgusted child benefits and Alimony.
