when

Cardi B, took to her X account to promote a new meme coin named after her iconic track.
However, there have been concerns surrounding the promotion, with security experts suggesting the account may have been compromised.
<h2 id="cardi-b-shares-wap-video">Cardi B Shares $WAP Video</h2>
The rapper, who has been in the news lately after claims emerged that she had undergone surgery, set off events with an October 7 <a href="https://x.com/iamcardib/status/1843358861920756184" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">post</a> on X with a picture of her holding a cat.
In the post, Cardi B, whose real name is Belcalis Marlenis Almanzar, referred to the cat as a “new family member.” She further asked her followers to guess its name.
Hours later, she made another post stating, “Her name is $WAP.” The tweet also contained a wallet address as well as a brief animated video seemingly promoting a meme coin.
The promotion quickly caught the attention of the crypto community, with many voicing concerns about its legitimacy.
Blockchain security firm Peckshield was among the first to react, <a href="https://x.com/PeckShieldAlert/status/1843480953957822918" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">informing</a> users that the rapper’s account may have been compromised to promote a possible scam.
It also urged her followers to exercise caution when interacting with her posts. However, some X users dismissed the warning, claiming the promotion was <a href="https://x.com/WazzCrypto/status/1843485774555271320" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">planned</a> and deliberate.
<h2 id="possible-rug-pull">Possible Rug Pull?</h2>
Adding to the unease around the launch of $WAP, crypto sleuth CryptoRugMunch <a href="https://x.com/CryptoRugMunch/status/1843434144866676965" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">highlighted</a> a troubling trend: the top 200 wallets holding the coin’s supply were newly created, with most funded by larger wallets within the project.
The setup sparked fears of a potential <a href="https://cryptopotato.com/rug-pulls-how-to-avoid/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">rug pull</a>, a scam in which developers drain liquidity and leave investors with worthless tokens.
At the time of writing, $WAP had amassed a total liquidity of $548,000 and a fully diluted valuation (FDV) of $17.6 million.
Additionally, the coin’s price stood at $0.01766, showing a spike in activity with over 20,000 transactions in just a few hours, according to data from Dexscreener. Despite this, questions around its legitimacy still persist, with some <a href="https://x.com/yourfriendSOMMI/status/1843466946320445557" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">wondering</a> whether it will end up like other celebrity-backed meme coins that turned out to be scams.
The apparent involvement of prominent crypto influencer Ansem also added fuel to the debate after he <a href="https://x.com/blknoiz06/status/1843393878025773278" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">reacted</a> to Cardi B’s initial X post asking followers to guess her new cat’s name. Ansem, who boasts more than half a million followers on X, responded by calling it “CAT SZN,” in a post that has been viewed more than 141,000 times.
The influencer is no stranger to controversy. Recently, he found himself at the center of a heated debate with blockchain investigator ZachXBT, who accused him of promoting low-cap meme coins to his followers. The detective claimed the coins often leave retail investors holding the bag when their value plummets.
The post <a href="https://cryptopotato.com/cardi-bs-x-account-promotes-meme-coin-be-careful-warning-signs-appear/" rel="noopener noreferrer nofollow">Cardi B’s X Account Promotes Meme Coin: Be Careful, Warning Signs Appear</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Cardi B’s X Account Promotes Meme Coin: Be Careful, Warning Signs Appear

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