Regardless of its advertising and marketing, the VWA token has no reference to BlackRock or Vanguard Investments, and didn’t seem on The Simpsons.
Abstract
- Small-cap VWA token, typically referred to as Vanguard RWA, surged in buying and selling quantity and worth
- The token has no connection to BlackRock and Vanguard
- BubbleMaps exhibits an excessive focus of possession for insiders
- No, the Simpsons didn’t predict it could go to $1
The sudden rise of the VWA token, marketed as “Vanguard RWA,” has attracted important consideration amongst merchants, with some even touting its supposed connection to The Simpsons. On Monday, Oct. 6, the token quickly reached $1 million in day by day buying and selling quantity, simply days after launch.
Simply 4 days prior, the SOL-VWA buying and selling pair appeared on the Jupiter decentralized change. In that point, the VWA token reached a worth of $0.007457 and a market cap of $7.4 million. Nonetheless, many merchants have pointed to important red flags with the token.
For one, VWA, additionally branded as Vanguard RWA, claims to be a real-world asset mission that brings gold and silver to Solana. Nevertheless, regardless of its branding, the token has no reference to both Vanguard Investments or BlackRock, with the 2 corporations making no reference to the token.
Did The Simpsons predict the VWA token surge?
Maybe essentially the most outlandish declare was that the VWA token appeared on the well-known present The Simpsons. A number of social media accounts throughout X and Instagram have proven images, supposedly showing in a latest episode of the animated collection.
Manipulated pictures from The Simpsons, which by no means truly appeared in any episode, are a well-liked method of attracting social media hype. A few of the similar pictures beforehand featured other tokens which have lengthy since crashed.
Furthermore, on-chain knowledge exhibits that insiders possible management the overwhelming majority of provide. Particularly, a snapshot from Bubble Maps exhibits that the highest 50 addresses management between 89% and 90% of possession. What’s extra, most of those addresses are clustered with the smart-contract deal with, indicating attainable insider possession.
Focus of possession, in addition to the usage of hype techniques, means that merchants train excessive warning in the case of the token in query.
