The recent message from Cardi B about the meme -token wet a*sp*ssy (wap) turned into a dramatic shake -up of the market. Within a few minutes, the market capitalization fell from $ 2 million to just $ 150,000. The price of the token shot briefly to $ 0.0020 and then fell more than 90% back to $ 0.00019 and wiped almost all the wins this week.
Celebrity Tweet sparks chaos
According to reports, Cardi B shared a wallet address on its official X account with the caption “Even wetter than the last time.” That single message sent ripples through the crypto world. Prices jumped and then crashed. Market guards remained behind their heads when billions of dollars in value seemed to disappear in just a few moments.
Suspicious wallet activity
Blockchain trackers saw something strange. A handful of portfolios only bought large pieces of wap five days before the tweet. They loaded their tokens almost immediately after the post of Cardi B and Banks about 10 times their original interest.
So today, @iamcardib remembered that she was still a large part of the $ Wap Delivery and decided to run a different pump and dump.
The token went from 2.5 m to 139k a few minutes after the tweet
The dump was activated by a few portfolios that bought the token for about five days … pic.twitter.com/7NWR27RCZA
– Dethective (@dethective) June 3, 2025
These sudden sells helped push the price of the token back to around $ 0,00019. Based on reports, this pattern looks like a classic pump and dump. It raises questions whether insiders have planned the entire movement.
POV, you may owe millions pic.twitter.com/j9fglgosbm
– Zachxbt (@zachxbt) June 4, 2025
History of WAP -controverses
This is not the first time that WAP caused problems. Back in October 2024, Cardi B gave it a shout-out and security company Peckshield marked the token for possible malignant deeds.
That previously Buzz even led to a study by the Securities and Commodities Authority of the VAE after investors have increased alarms about fraud and market manipulation. Many in the crypto Community thought everyone would remain clear this time. Instead, the past slipped out of memory, which led to heavy losses all over again.
Investors have left to hold the bag
In the last 24 hours, the value of WAP fell another 80%. Now it acts near the same levels that were the end of May. Everyday traders who jumped on the hype stared at red numbers.
Based on reports, some portfolios left within a few minutes with ten times return. In the meantime, others ended with almost worthless tokens. The speed of this turnout and fall serves as a hard memory: if you buy a token while it peaks, you may be stuck when the next crash strikes.
The follow -up post of Cardi B clarified that her account had not been hacked and soon promised more of “$ wap space”. Yet this statement made little to calm the nerves. Critics say it is difficult to separate the sincere interest of the artist from a planned marketing push. Some point out that even if she did not benefit directly, her approval gave insiders exactly the attention they needed to release their shares.
Featured image of Andrew Kelly/Reuters/USA Today, Graph of TradingView