Cardi B's $WAP Memecoin Promotion Sparks Controversy

Controversy Surrounding $WAP Promotion: Cardi B's promotion of the $WAP memecoin has raised skepticism in the crypto community due to potential fraudulent ties and suspicious wallet activities, leading to regulatory investigations and concerns over celebrity involvement in cryptocurrency.

Implications for Celebrity-Endorsed Cryptos: The situation highlights the need for greater transparency and accountability in celebrity-driven token promotions, as market experts anticipate increased scrutiny and regulatory measures that could reshape the landscape of such endorsements.