Cardi B crypto linked to alleged pump and dump scheme
Did you invest in the Cardi B-promoted WAP coin and lose money? Investors allege the meme coin was part of a crypto scam and are now taking legal action. Fill out the form to find out if you qualify to join the class action and seek compensation.
Meme coins like WAP are often promoted for fun or hype — but when insiders manipulate the market and leave investors holding worthless tokens, the consequences are anything but a joke.
Blockchain analysts and investors now claim the WAP coin was part of a crypto scheme, where insiders allegedly inflated the price for profit and cashed out, leaving everyday buyers with steep losses.
If you purchased Cardi B coin and lost money, you may be eligible to join a class action lawsuit investigating the alleged scheme.
Do you qualify?
If you invested in Cardi B’s WAP coin and experienced financial losses, you may be eligible to join a meme coin class action lawsuit investigation. To check your eligibility, have your proof of purchase ready and fill out the form on this page.
Please fill out the form on this page for more information.
What is WAP coin, and why is it making headlines?
In October 2024, rap superstar and Grammy Award winner Cardi B announced the launch of WAP coin, a cat-themed meme coin named after her hit song WAP. The crypto project quickly sparked controversy across social media and crypto forums.
Some trusted sources cautioned users about a troubling connection between the wallet address promoted by Cardi B’s platform and several previous crypto scams, including rug-pulls and pump and dump schemes.
Understanding the pump and dump scheme behind WAP coin
Pump and dump scams are common in both the stock and cryptocurrency markets. In this type of crypto scam, insiders artificially inflate the value of a coin using hype and manipulative tactics. Once the price has been pumped up, they quickly sell off (dump) their holdings for a profit, leaving regular investors stuck with worthless or devalued tokens.
With celebrity-endorsed meme coins, bad actors often use the celebrity’s platform to generate excitement and drive up the price. In the case of WAP coin, it is alleged that individuals launched the token and promoted it through Cardi B’s social media channels. Once the price surged, the insiders reportedly sold their tokens, cashing out at the expense of everyday investors.
At this time, it is not known whether Cardi B was aware of or involved in the alleged crypto scheme.
How to join the WAP coin class action
If you purchased Cardi B crypto and lost money as a result of the alleged pump and dump scheme, you may be eligible to join a class action for WAP crypto investors.
To participate, you’ll need to provide proof of purchase and financial loss. Acceptable documentation may include receipts, confirmation emails, wallet addresses, screenshots or transaction IDs.
To see if you qualify, fill out the form on this page.
Fill out the form on this page to see if you qualify for a free case evaluation.
See If You Qualify
Join a WAP coin class action lawsuit investigation
Filling out this form is quick and easy. It only takes a few minutes to see if you qualify.
After you fill out the form, an attorney(s) or their agent(s) may contact you to discuss your legal rights.
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