The American rapper Cardi B backs the WAP token again, but is it a scandal?
Cardi B's recent post about the meme token Wet A*s P*ssy ($WAP) caused a drastic shock in the market. Within minutes, the market capitalization of WAP plummeted from 2 million dollars to just 150,000 dollars. The price of the token briefly skyrocketed to 0.0020 dollars, only to crash more than 90% to 0.00019 dollars, wiping out almost all the gains of the week.
A celebrity tweet unleashes chaos
According to reports, Cardi B shared her wallet address on her official X account with the message "even wetter than last time". That simple message caused a sensation in the world of cryptocurrencies. Prices soared and then collapsed. Market analysts were baffled to see how billions of dollars in value seemed to evaporate in a matter of seconds.
Suspicious activity in the wallet
Blockchain trackers detected something strange. A handful of wallets purchased large amounts of WAP just five days before the tweet. They sold their tokens almost immediately after Cardi B's post, accumulating approximately ten times their original stake.
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