Cardi B’s WAP Memecoin Tweet Sparks Price Crash, Raises Concerns About Scams

American rapper Cardi B found herself at the center of a crypto controversy after promoting a meme coin known as WAP on her X account. The move sent shockwaves through the market, leading to a dramatic 80% price drop in just one day. While celebrities have previously dipped into the world of memecoins, this instance raises serious concerns about potential scams and illicit activity.