Cardi B, took to her X account to promote a new meme coin named after her iconic track.

However, there have been concerns surrounding the promotion, with security experts suggesting the account may have been compromised.

Cardi B Shares $WAP Video

The rapper, who has been in the news lately after claims emerged that she had undergone surgery, set off events with an October 7 post on X with a picture of her holding a cat.

In the post, Cardi B, whose real name is Belcalis Marlenis Almanzar, referred to the cat as a “new family member.” She further asked her followers to guess its name.

Hours later, she made another post stating, “Her name is $WAP.” The tweet also contained a wallet address as well as a brief animated video seemingly promoting a meme coin.

The promotion quickly caught the attention of the crypto community, with many voicing concerns about its legitimacy.

Blockchain security firm Peckshield was among the first to react, informing users that the rapper’s account may have been compromised to promote a possible scam.

It also urged her followers to exercise caution when interacting with her posts. However, some X users dismissed the warning, claiming the promotion was planned and deliberate.

Possible Rug Pull?

Adding to the unease around the launch of $WAP, crypto sleuth CryptoRugMunch highlighted a troubling trend: the top 200 wallets holding the coin’s supply were newly created, with most funded by larger wallets within the project.

The setup sparked fears of a potential rug pull, a scam in which developers drain liquidity and leave investors with worthless tokens.

At the time of writing, $WAP had amassed a total l