VWA Crypto Rises Following ‘Simpsons Prediction’ Amid Cautionary Signals
Despite its marketing, the VWA token is not connected to BlackRock or Vanguard Investments, nor has it appeared on The Simpsons.
Summary
- The small-cap VWA token, often called Vanguard RWA, saw a substantial increase in both trading volume and price.
- This token has no ties to BlackRock or Vanguard.
- According to BubbleMaps, there is a significant ownership concentration among insiders.
- The Simpsons did not anticipate its rise to $1.
The rapid growth of the VWA token, labeled “Vanguard RWA,” has attracted considerable interest from traders, some of whom even assert a connection to The Simpsons. On Monday, Oct. 6, the token quickly reached $1 million in daily trading volume shortly after its launch.
Just four days earlier, the SOL-VWA trading pair was introduced on the Jupiter decentralized exchange. During that period, the VWA token hit a price of $0.007457 and achieved a market cap of $7.4 million. However, many traders are expressing serious concerns about the token.
VWA, also marketed as Vanguard RWA, claims to be a real-world asset initiative that combines gold and silver with Solana. Nonetheless, despite its promotional claims, the token has no relationship with either Vanguard Investments or BlackRock, which have publicly distanced themselves from it.
Did The Simpsons predict the rise of the VWA token?
One of the more outrageous claims is that the VWA token was featured in the iconic show The Simpsons. Various social media platforms, including X and Instagram, have been circulating images that supposedly depict this event in a recent episode.
Images altered to appear as if they were taken from The Simpsons—though they were never actually aired—are commonly utilized to create buzz on social media. Notably, some of these same images have previously been associated with other tokens that have significantly dropped in value.
Moreover, on-chain analytics indicate that insiders may control a large portion of the token supply. A snapshot from Bubble Maps reveals that the top 50 addresses hold between 89% and 90% of the ownership. Additionally, many of these addresses are clustered around the smart contract address, suggesting potential insider control.
The concentration of ownership, along with the use of promotional tactics, indicates that traders should exercise significant caution when considering this token.
