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: Where’s My Water? 2
Version: 1.9.28

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:
Get ready to join Swampy, Allie, and Cranky on their NEXT exciting adventure!

The sequel to the addictive physics-based puzzler from Disney has finally arrived. Where’s My Water? 2 launches with three brand new locations including the Sewer, the Soap Factory, the Beach. The puzzles are all free! Cut through dirt, and guide fresh water, purple water, and steam to help Swampy and his friends!

Key Features:
• Play 100+ levels and challenges with a brand new look in the Gator universe featuring Swampy, Allie, Cranky, and Mystery Duck!
• Introducing ‘Challenge Modes’ to replay the levels in explosive new ways!
• Dig as fast as you can and get as many duckies as possible in ‘Duck Rush’ levels!
• ‘Tri-ducking’ is now faster, better and more fun with boosts, such as Vacuum, Dropper, and Absorber! Small fees may be required for these additional boosts.
• Experience fun mechanics that are uniquely designed for each character!
• Complete achievements and earn special themed duckies such as gladiator-duckie, astronaut-duckie, hula-duckie, and many more!
• Stuck on a level? Use hints to help you solve the puzzles!

Where’s My Water? is a multiple Game of the Year award-winning puzzle game. The Where’s My… franchise has received hundreds of millions of downloads to date.

Before you download this app, please consider that this app includes advertising, some of which may be targeted to your interests. You may choose to control targeted advertising within our applications by using your mobile device settings (for example, by re-setting your device’s advertising identifier and/or opting out of interest based ads).

• In-app purchases that cost real money
• The option to accept push notifications to let you know when we have exciting updates like new content
• Location-based services
• Advertising for some third parties, including the option to watch ads for rewards

This app accesses your contact information to enable you to easily
communicate with your contacts.

You can upload and save content from this app to your device.

Where’s My Water? 2 MOD APK Version 1.9.28

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.