TCP would be too wasteful - Whatsapp already has retransmissions/etc. You'd want to proxy at a higher layer such as HTTP and just relay HTTP messages (or ideally QUIC traffic so that you take advantage of header reuse/compression, etc - but somehow disable retransmissions since you're already on a reliable link).
I think that's essentially what my HTTPS proxy does; except rather than actually being over WhatsApp (i.e. using WA messages or w/ever), the SNI tricks their authorization into thinking I'm using WA, while I am connecting to my proxy.
If one could create a TCP-over-WhatsApp VPN that would be fantastic.