Cardi B Promotes Cat-Themed Memecoins, What are the Future Prospects?

Jakarta, Pintu News – American rapper Cardi B recently took social media by storm with a cat-themed memecoin promotion inspired by her famous song.

Through her official account on X, Cardi B shared the same digital wallet address she had used in a previous promotion, with the attention-grabbing line, “even wetter then last time.”

This promotion was immediately highlighted by crypto watcher, ZachXBT, who questioned the motive behind the action. Check out his full analysis here!

Cardi B and the Memecoin Controversy

Cardi B is no stranger to memecoin controversy. In October last year, she also promoted the same WAP token and used an identical wallet address. Hours after her tweet, blockchain security firm Peckshield immediately issued a warning.

They urged users not to interact with the wallet address as it could potentially be linked to fraud. Peckshield added that the wallet address promoted by Cardi B could be part of a larger fraud scheme.

This raised concerns among crypto investors and users who did not want to lose their investments. The incident also sparked a reaction from authorities in the United Arab Emirates who initiated an investigation into alleged securities violations involving $WAP.

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ZachXBT and Investor Concerns

ZachXBT, a well-known crypto detective, expressed his concern over Cardi B’s actions in promoting controversial memecoins again. He asked if Cardi B was forced to share the controversial memecoin because of the demand for spousal support from Offset, her husband who is in the process of divorce.

Recently, during a “space” session on X, Cardi B criticized Offset for not providing financial support for their three children. In addition, ZachXBT advised investors to be cautious and do more in-depth research before investing in crypto, especially memecoins which are often volatile.

Comments and warnings from figures like ZachXBT are often considered important in the crypto community as they can help avoid large financial losses.

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Market Reaction and Impact

The promotion of memecoins by celebrities like Cardi B often leads to sharp price fluctuations in the crypto market. While some fans and followers may be interested in investing, many experts and analysts warn about the risks associated with this type of investment.

Memecoin, while popular, is often highly speculative and prone to market manipulation. The United Arab Emirates Securities and Commodities Authority has initiated an investigation in response to complaints from a Dubai-based VC firm and local Emirati investors.

They claim market manipulation and fraud relating to WAP promotions and trading. This shows that the impact of this kind of promotion can be far-reaching, affecting not only individuals but also the larger financial markets.

Conclusion

The case of Cardi B and the $WAP memecoin is an important reminder for investors to always be vigilant and do their due diligence before jumping into crypto investments. While celebrity promotion can increase the visibility of a token, it is important to understand the risks involved and consider the advice of crypto experts.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Cardi B Promotes WAP Memecoin, Sleuth Calls Her Out for Scam. Accessed on June 5, 2025
• Featured Image: Readwrite