Coin World Report:
Cardi B launches WAP, linking mainstream culture with cryptocurrency and attracting a large number of fans.
Despite misinformation and FUD, a strong community supports the WAP project and its mission.
The Grammy Award-winning rapper Cardi B has released her own song, expanding her influence beyond the music industry.
Inspired by her iconic collaboration with Megan Thee Stallion in 2020, the meme coin, WAP, and artwork draw from it.
Recently, she showcased her enthusiasm for this digital currency in a post on X, stating:
“Unlock your potential and get that WAP.”
Cardi B targets the cryptocurrency community
With over 35 million fans on X (formerly known as Twitter), Cardi B represents a pivotal moment in the cryptocurrency world with the $WAP project.
This innovative meme coin aims to connect mainstream culture with blockchain, establishing an active community of fans and cryptocurrency enthusiasts.
By launching WAP, Cardi B has amplified her influence in the music industry and created a new cultural intersection in the cryptocurrency realm.
That being said, while the release of WAP has generated considerable excitement, it has also faced organized misinformation campaigns and baseless accusations that threaten its reputation.
Mixed reactions from the cryptocurrency community
Some critics attempt to spread fear, uncertainty, and doubt (FUD) without any credible support to undermine the initiative.
For example, an X user named rhl noted in a recent post by Cardi B:
“Can’t release an album, can’t pay bills, file for bankruptcy, so now we’re scamming fans to invest in some weird apps to take their money.”
Another X user fueled further controversy with a comment:
“Hacked, anyone?”; Well, this FUD arises from increased awareness within the community this year due to cryptocurrency scams, especially following high-profile hackings.
Past examples of celebrity involvement in the cryptocurrency field
For instance, Metallica’s X account was compromised to promote a token called METAL.
Jason Derulo’s cryptocurrency token JASON also faced scrutiny, experiencing a surge before plummeting due to the sell-off by one of its notorious co-founders.
In another shocking incident, hackers gained control of Kylian Mbappé’s X account to promote fraudulent tokens, resulting in a rapid drop in value to only $9,200 within an hour and causing an investor to lose over $1 million.
What is the future of WAP?
In response, a strong community has emerged to defend the project, receiving support from influential cryptocurrency figures like Shmoo, Rex, and Solstice.
Needless to say, their steadfast support will not only enhance the project’s credibility but also emphasize the shared commitment to educate the public about the true mission and immense potential of $WAP.
Therefore, it will be interesting to see how the project develops and gains traction following its recent launch.
As the spokesperson for WAP put it best, saying:
“We are thrilled to welcome Cardi B to the Solana ecosystem. She brings unparalleled vibrancy and a fresh wave of excitement to cryptocurrency. Her connection with fans is genuine, and WAP is about building something equally real.”
