Cardi B’s MemeCoin Launch Sparks Controversy
The post Cardi B’s MemeCoin Launch Sparks Controversy appeared first on Coinpedia Fintech News
Cardi B’s newly launched meme coin, WAP, built on Solana, has stirred controversy in the crypto world. Despite an initial surge, WAP has plummeted over 60% since its peak. Investigations suggest that the team behind WAP may be linked to another controversial meme coin, ANDY, further raising concerns. Additionally, irregularities in WAP’s token distribution have come to light, with claims that a small group of wallets controls the majority of the supply, fueling accusations of manipulation. The controversy has cast doubt on WAP’s long-term potential.
