Cardi B’s $WAP token under investigation in UAE

The UAE Securities and Commodities Authority launched an investigation on $WAP, a Solana-based token promoted by celebrities like Cardi B. The case surrounding Cardi B and the $WAP token has once more highlighted ongoing concerns about celebrity-endorsed tokens and their impact on the broader market. source: https://www.cryptopolitan.com/cardi-b-wap-token-under-investigation-in-uae/