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The recent publication of cardi b on the token meme wet as pSSY (WAP) caused a dramatic shaking in the market. In minutes, WAP market capitalization collapsed from 2 million dollars to only $ 150,000. The price of the token rose briefly to $ 0.0020, then fell more than 90% to 0.00019 dollars, erasing almost all earnings this week.
## A celebrity tweet causes chaos
According to the reports, Cardi B shared a wallet address in his official X account with the title “even more humid than the last time.” That only message sent waves through the cryptographic world. The prices went up and then collapsed. Market observers were scratching their heads while billions of dollars in value seemed to fade in a matter of moments.
Suspicious activity of the wallet
Blockchain trackers detected something strange. A handful of wallets bought large amounts of WAP only five days before the tweet. They downloaded their tokens almost immediately after the publication of Cardi B, obtaining approximately 10 times their original participation.
So today, @iamcardib He recalled that he still had a large part of the supply of $ WAP and decided to perform another pumping and download operation.
The Token went from 2.5 million to 139,000 in a couple of minutes after the tweet
The download was caused by some wallets that bought the token about five days … pic.twitter.com/7nwr27rcza
– Dethective (@Dethective) June 3, 2025
These sudden sales helped lower the price of token to around 0.00019 dollars. According to reports, this pattern resembles a classic pumping and unloading operation. Ask questions about whether the initiated planned the entire movement.
POV you could owe millions pic.twitter.com/j9fglgosbm
– Zachxbt (@zachxbt) June 4, 2025
WAP controversy history
This is not the first time that WAP causes problems. In October 2024, Cardi B mentioned it, and the security firm Peckshield marked the Token for possible malicious acts.
That previous buzz even led to an investigation by the Authority of Securities and Raw Materials of the United Arab Emirates after investors rang the alarms on fraud and market manipulation. Many in the crypto community thought everyone would remain away this time. Instead, the past vanished from memory, which caused strong losses once again.
### Investors who stayed with the bag
In the last 24 hours, the value of WAP fell another 80%. Now quotes near the same levels as at the end of May. The daily operators who climbed into the hype were looking at red numbers.
According to the reports, some wallets left with ten times greater profits in minutes. Meanwhile, others ended with almost value tokens. The speed of this ascent and fall serves as a hard reminder: if you buy a token just when it reaches its maximum point, it could get stuck when the next collapse arrives.
The subsequent publication of Cardi B clarified that his account had not been pirated, promising more of the “space $ WAP” soon. However, this explanation did little to calm the nerves. Critics say it is difficult to separate the genuine interest from the artist from a planned marketing impulse. Some point out that even if she did not benefit directly, her support gave the initiates exactly the focus they needed to download their actions.
Outstanding image of Andrew Kelly/Reuters/USA Today, TrainingView graphics
