Cardi B’s Meme Coin in Hot Water: UAE Begins WAP Investigation

A Dubai-based VC firm voices its suspicion about Cardi B’s WAP token. Cardi B doubled down on the legitimacy of WAP in a video after launch. The downward price rodeo for WAP solidifies pump & dump allegations. Cardi B, an American rapper garnering over 31 million streams on Spotify, recently surprised her X audience with an elaborate campaign to promote a new crypto token. The Solana-based WAP token, which takes inspiration from the song of the same name, has been drowning in ambiguity since day one. “Her Name Is Pump & Dump” Cardi B’s fans on X have been

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