Akure
Well-known member
The sharp decline in Cardi B’s WAP memecoin highlights the volatility and risk inherent in celebrity-backed tokens. Despite initial hype driving prices up, the lack of underlying utility and strong fundamentals led to a significant correction of over 80 percent. This case serves as a reminder that speculative momentum without a solid value proposition often results in rapid losses for investors. It reinforces the importance of thorough due diligence and prioritizing projects with sustainable growth potential.