Cardi B's official X account has sparked concerns after promoting a new memecoin called WAP, which is inspired by her hit song. Blockchain security firm PeckShield flagged the account as potentially compromised, urging caution. Further investigations by Bubblemaps revealed that 60% of the total supply of WAP is controlled by insiders. Additionally, crypto investigators linked Cardi B's wallet to projects with a history of scamming, and within the first 10 hours, $500,000 worth of tokens were dumped. Insiders reportedly made $250,000 from the memecoin in just 12 hours. This has raised serious concerns about the legitimacy of the WAP memecoin.