Cardi B WAP Memecoin: Dem Pump-and-Dump Wey Dey Happen Repeatedly Don Raise Alarm About Rug Pull And Crypto Scam
Di recent promotion wey American rapper Cardi B do for WAP memecoin for X (wey dem dey call Twitter before) make im price just jump by 100% from $0.0011 reach $0.0022, and im market value come reach $2.5 million. But after dis sudden jump, the thing come crash sharp sharp, as im market value fall go $139,000. Big big wallets wey don dey buy the token for five days before the announcement just sell am for 10x profit. Dis na the second big pump-and-dump wey happen with Cardi B and WAP, e remind person of another one wey happen last October wey make the token reach $40 million market value small time before e fall. PeckShield, one security company, don warn before say the token get suspicious behavior. Crypto influencers vex for traders wey no mind the red flags and the project controversial history. The way dem dey do dis 'rug pulls' often often show say celebrity-backed meme coins and crypto scams get plenty risk, and e important make person do proper check before dem trade any new or unclear digital assets.
Bearish
Di tori wey dey spread say Cardi B and WAP memecoin don do pump-and-dump and rug pull tins many times don make dis token fall like say e no get head for short and long time. Di way di price just scatter quick quick and come crash show say e risky well well to dey trade celebrity meme coins, especially as dem don see say insiders dey chop money comot for small investors hand. Warnings wey dem don give before and di way di market cap dey fall quick quick don make traders no trust am again, and dis go fit make people no dey put money for WAP and no dey participate again. Traders dey fear dis kind tokens now, and di whole crypto market dey see di bad name wey dis scams dey bring, so di chance of projects like dis to make steady money don reduce.