Popular rapper Cardi B recently took to her X account to promote a new meme coin known as $WAP, but soon enough, some users noticed concerning details surrounding the promotion, with security experts speculating that the account may have been compromised.
What Happened?
The rapper set off the events in question on October 7, when her X account published a photo of Cardi B, whose real name is Belcalis Marlenis Almanzar, holding a cat. The caption explained that this is a new family member, and she invited the community to guess the cat’s name.
However, only a few hours later, another post emerged stating “Her name is $WAP,” but it also contained a wallet address and a brief animated video that promoted the meme coin.
https://x.com/iamcardib/status/1843429101518172618
The promotion caught the attention of the crypto world very quickly, and many started questioning the legitimacy of the post. It wasn’t long before blockchain security company Peckshield got involved, informing users that the account may have been compromised and that the promotion may be a scam.
The company also urged Cardi B’s community to be careful when interacting with her other posts. However, some among the X users dismissed the warning, claiming that the promotion was planned and deliberate, and the fact that it is still up as of the time of writing, two days after going up and after the rapper posted other photos, this does appear to be the case.
Even so, experts remain concerned about the project as a whole, as CryptoRugMunch pointed out that the top 200 wallets holding the meme coin’s supply are new, while most appear to be funded by the larger wallets within the project. This sparked concerns about a potential rug pull, which made it even more important for potential investors to be extremely careful.
However, those who wish to invest in a high-potential crypto but want something safer and more legitimate can consider Pepe Unchained (PEPU) instead.
BUY PEPU — THE MOST SUCCESSFUL MEME COIN ICO IN 2024
What Do You Need To Know About Pepe Unchained?
Pepe Unchained is a new alternative to the original Pepe — one that views itself as a better version to the point where it is often referred to as Pepe 2.0. The thing that makes the project so confident is the fact that it is the first Pepe-based meme coin to have its own blockchain.
Pepe Unchained developed a Layer-2 chain that would allow it to make up for the original Pepe’s shortcomings. Despite the fact that it is the third-largest meme coin by market cap, Pepe is an Ethereum-based crypto, and as such, it is limited by the ETH network’s technology. In other words, just like ETH itself, it is slow, expensive, and unable to scale.
A L2 chain that PEPU will run on after going live will allow it to be near-instant when it comes to processing transactions, which will also enable extremely cheap transfer fees. On top of that, it is highly scalable, it will have its own DEX, the PEPU Foundation, a native block explorer, and more.
JOIN THE PEPU ICO WHILE ITS PRICE IS LOW
All of this led plenty of users to the project’s ICO, which raised over $18.3 million in the last few months, and it continues to grow even now. You can join its ICO as well and buy PEPU with ETH, BNB, USDT, or credit/debit cards. Joining early will ensure that you buy PEPU while its value sits at only $0.0095, and benefit the most when it blows up post-launch.
