I am hearing some rumors being reported today after seeing a spike in chatter within the gaming community on today. I have not seen the third-party game tracking tools show this much rumor in a long time. I will say the tracking tools are way more heated than the chatter I am seeing, so something might be off here. Again, I saw some initial chatter from within the gaming forums and on this site starting on today.  Now, I decided to cover it on everyday even if the chatter was not at the levels that would warrant me posting something.
To be clear, Wendgames' radar has not confirmed any release is officially going on.
Mod, cheat or hack tracking tools:
Let's start with what the tools are showing:
Bila sensor:

Souma sensor:

So most of these tools are incredibly heated, signaling that they are showing available mod, hack or cheat for the game.
Wendgames chatter:
Here is some of the chatter from various comments on this site and facebook groups since the release:

Holy shit this is the biggest gaming news of the year

I surprisingly knew about this game's existence before this!

From someone who actually played it, it's fine, just a pretty average  game. Unless you're chomping at the bit for new experiences, if it looks interesting to you just play the first one.

Let's make a little summary for the game:
GAME INFO
Name of Game: Wave Master – Coin Adventures
Version: 0.19.1

Name of the cheat, mod, hint, tip or hack:
-Unlimited Money
-Mod Menu
-Money increases instead of decreasing
-Massive attack
-God mode
-Free Purchases
-Free Shopping
-Enemy does not attack
-Weak enemies
-Unlimited coins/hearts/gold/gems
-Dumb Enemies
-Free Store
-Stats Boosted
-Mega Mod
-High damage/No Shake No Recoil
-mod rewards
-Damage & defense multiplier
-Game speed multiplier
-Unlimited Ammo/no reload/No Recoil
-radar hack/Infinite money
-Unlocked/all levels unlocked

Game description:
Dive into the ocean’s depths and discover the hidden treasures of hundred unique underwater kingdoms in our exciting new game! Collect beautiful stickers, attack, and heist other players in real-time, and splash to earn great loot. Play with friends and build your underwater empire together. Connect with your Facebook friends and play together to conquer the ocean. Don’t miss out on this thrilling adventure – start splashing and building your kingdom today!

👑 100 unique kingdoms to explore: Our game features a vast ocean of unique kingdoms waiting to be discovered. Each kingdom has its own set of treasures and challenges, ensuring that you’ll always have a new adventure waiting for you.
⚔️ Real-time player-versus-player gameplay: In our game, you can attack and heist other players in real-time, adding an exciting element of competition. Show off your skills and strategy as you raid other players’ kingdoms and collect even more rewards.
🧲 Connect and play with friends from Facebook: Our game lets you connect with your Facebook friends and play together to build your underwater empire. Invite your friends to join the fun and team up to conquer the ocean.
🏺 Collect rare treasures and beautiful stickers: As you explore the underwater kingdoms, you’ll have the chance to collect rare treasures and beautiful stickers. Use these treasures to upgrade your kingdom and show off your collection to your friends.
🏰 Build your own underwater empire: In our game, you’ll be able to build your own underwater empire by splashing to win and collecting treasures. As you progress through the game, you’ll be able to upgrade and expand your kingdom, making it the envy of the ocean.”

Wave Master – Coin Adventures MOD APK Version 0.19.1

Manual Steps:
1. Install Modded APK
2. Play

Download Now
In any case, the best mod, cheat or hack for now comes down to these tips:

1. The first cheat or exploit is to not skip the tutorial, even if you're an advanced player and this is your second, third, or fourth alt account. The beginner's tutorial gives you lots of free stuff and rewards, which are some of the most valuable items in the game.
2. Keep watching the ads and collecting more and more daily currency rewards.
3. Play daily events for more chances to get better currency.
4. Practicing to get better time in PVE or offline mode.
5. Don't skip any unleashed events.
6. Use ad packs from the store to get currency. And free packs can be obtained every certain number of hours.
7. Watch YouTube or Twitch videos: gamer's gameplay style and tutorials.
8. Play against many different opponents with many different gameplay styles.
9. Join the game community on Discord, Reddit, Facebook, or other social media platforms where you can share your gaming experience.
10. Are you a competitive online mobile gamer? The secret to becoming a top mobile gamer is to first have at least a medium-range phone or a top-of-the-line phone. Without a good device, you will never be a good gamer. Next, you need a superfast internet connection. If you want to do exploits against other gamers online in real time, you need incredible internet connectivity, or else lag will become your best friend when your ping goes up to over 300 ms. And finally, you need to be me, Wendgames, the greatest mobile gamer the world has ever seen. If anyone else tells you anything else, they're lying. Skills only come through persistence with great devices and fast connectivity to react appropriately against enemy players.