Wave Race was a small watercraft racing game for the GameBoy back in 1992. It did okay, but the series wouldn’t gain some moderately popularity until the sequel Wave Race 64 on the Nintendo 64. It also received a third game, Wave Race: Blue Storm for the GameCube which received mix receptions. Today, there may be a fourth game coming. According to a European IP website, Wave Race has been filed for a trademark by Nintendo.
It has been fifteen years since the last Wave Race. This trademark doesn’t confirm anything, but it’s possible we could see a new Wave Race game in the future likely on the Switch.