Popstar Cardi B’s recent promotion of a memecoin named $WAP has drawn significant scrutiny within the cryptocurrency community. The celebrity endorsement, linked to her hit song, sparked concerns about potential fraud and ethical lapses. blockchain analysts are scrutinizing unusual wallet activity connected to the token. Some experts believe this promotion showcases a trend of celebrities exploiting public trust in cryptocurrencies for financial gain. The $WAP token has gained considerable attention in the market, reaching a capitalization of roughly $21.6 million. However, many experts believe these tokens lack long-term value and are primarily driven by celebrity influence rather than real innovation. As regulatory investigations into the promotion begin to unfold, the potential impact on the future of celebrity-backed cryptocurrencies is immense. This incident highlights concerns about ethical conduct within the cryptocurrency space and emphasizes the need for greater transparency and accountability in these ventures.