{"id":2114,"date":"2025-06-05T08:58:25","date_gmt":"2025-06-05T08:58:25","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardi-bs-wap-memecoin-pump-ends-in-another-rug-pull-again\/"},"modified":"2025-06-05T08:58:26","modified_gmt":"2025-06-05T08:58:26","slug":"cardi-bs-wap-memecoin-pump-ends-in-another-rug-pull-again","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardi-bs-wap-memecoin-pump-ends-in-another-rug-pull-again\/","title":{"rendered":"Cardi B\u2019s WAP memecoin pump ends in another rug pull \u2026 again"},"content":{"rendered":"
\n

Cardi B\u2019s promotion of the WAP memecoin on X the other day sparked a 100% price surge, only for its market cap to crash from $2.5 million to $139K shortly after, as wallets that had accumulated five days before the post dumped.<\/p>\n

On June 3, rapper Cardi B promoted the memecoin Wet Ass and Pussy (WAP) on X, sharing<\/a> its contract address and declaring, \u201cWAP is back. Even wetter than last time.\u201d Her post sent WAP\u2019s price surging from the opening price of $0.0011 to an intraday high of $0.0022 \u2014 a 100% spike.<\/p>\n

<\/source><\/p>\n<\/picture>
Source: Dexscreener<\/a><\/figcaption><\/figure>\n

However, the hype was short-lived. Within minutes, the token\u2019s market cap plummeted from $2.5 million to just $139,000. According to X user @dethective<\/a>, who exposes KOLs\u2019s dumps, the crash was triggered by wallets that had quietly accumulated WAP about five days before Cardi\u2019s X post and sold immediately after it, securing 10X profits.<\/p>\n

\n
\n
\n

So today, @iamcardib<\/a> remembered that she still held a large portion of the $WAP<\/a> supply and decided to run another pump and dump.<\/p>\n

The token went from 2.5M to 139k a couple of minutes after the tweet<\/p>\n

The dump was triggered by some wallets that bought the token around five days\u2026 pic.twitter.com\/7Nwr27rcZA<\/a><\/p>\n

\u2014 dethective (@dethective) June 3, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

<\/p>\n

Apparently, Cardi B was holding a large portion of WAP token supply from the previous time she had promoted it, which was in October last year. Back then, the token briefly surged to a $40 million market cap before crashing below $200,000. Security firm PeckShield even flagged it for potential malicious activity.<\/p>\n

\u201cIf you fell again for Ghetto Trash @iamcardib<\/a> and her $WAP<\/a> Scam, well deserved! You will never learn!,\u201d said<\/a> crypto commentator Patrick Schmitt, calling out those who traded the WAP memecoin after what had happened last year.<\/p>\n

On-chain sleuth ZachXBT chimed in to the WAP discussion on X, commenting directly on Cardi B\u2019s post \u201cPOV you might owe millions,\u201d implying that her return to promoting WAP may be financially motivated and referencing her ongoing financial dispute with estranged husband Offset over child support and alimony.<\/p>\n

<\/source>
\n\"Cardi\n<\/picture>
Source: @zachxbt<\/a><\/figcaption><\/figure>\n

<\/p>\n

<\/p>\n<\/p><\/div>\n