Though it resembles and mimics a stinging wasp, the Polka Dot Wasp Moth is not a dangerous insect, except possibly if eaten. The caterpillars feed upon poisonous oleander leaves, and it is uncertain if they retain the poisons in their systems, providing a layer of defense based on inedibilty.Click to see full answer. Regarding this, what do Oleander moths eat?There are two moths in Florida, the much more common polka-dot wasp-moth, and the more southerly spotted oleander moth, shown in the attachments. The adult moths in these two photos are feeding on nectar from Mexican flame vine and Florida privet, respectively.One may also ask, are Oleander moths poisonous? Because it feeds on oleander, which is poisonous, this insect also contains poisonous compounds called glycosides. These are similar to the toxins found in milkweed and sequestered by monarch butterflies. Just as birds and small mammals avoid feeding on monarchs, they avoid the oleander caterpillar. Subsequently, one may also ask, are wasp moths dangerous? The tip of the moth’s abdomen is bright red; it looks like a very dangerous wasp, but in fact is a harmless moth. The caterpillars are orange or dark orange with long black hairs. The caterpillars look dangerous, but the setae do not inflict any harm.Is the polka dot wasp moth poisonous?Though they have the appearance – and in some ways, the behavior – of a wasp, the Polka Dot Wasp Moth is just a moth. It does not sting, nor bite.