Cardi B Promotes $WAP Meme Coin: Scam Warnings

- On October 7, Cardi B posted on X, introducing a new cat and naming it $WAP.

- The post also included a wallet address and an animated video, raising suspicions in the crypto community.

- Security firm Peckshield suggested that the singer's account may have been hacked to promote a possible scam.

- Analysts noted that the top 200 $WAP wallets were recently created, which could indicate a potential "rug pull."

- At the time of writing, $WAP has $548,000 in liquidity and a $17.6 million valuation, but questions about its legitimacy remain.