Despite its marketing, the VWA token has no connection with BlackRock or Vanguard Investments, and did not appear on The Simpsons.
Summary
- Small-cap VWA token, sometimes called Vanguard RWA, surged in trading volume and price
- The token has no connection to BlackRock and Vanguard
- BubbleMaps shows an extreme concentration of ownership for insiders
- No, the Simpsons did not predict it would go to $1
The sudden rise of the VWA token, marketed as “Vanguard RWA,” has attracted significant attention among traders, with some even touting its supposed connection to The Simpsons. On Monday, Oct. 6, the token rapidly reached $1 million in daily trading volume, just days after launch.
Just four days prior, the SOL-VWA trading pair appeared on the Jupiter decentralized exchange. In that time, the VWA token reached a price of $0.007457 and a market cap of $7.4 million. Still, many traders have pointed to significant red flags with the token.
For one, VWA, also branded as Vanguard RWA, claims to be a real-world asset project that brings gold and silver to Solana. However, despite its branding, the token has no connection with either Vanguard Investments or BlackRock, with the two firms making no reference to the token.
Did The Simpsons predict the VWA token surge?
Perhaps the most outlandish claim was that the VWA token appeared on the well-known show The Simpsons. Several social media accounts across X and Instagram have shown images, supposedly appearing in a recent episode of the animated series.
Manipulated images from The Simpsons, which never actually appeared in any episode, are a popular way of attracting social media hype. Some of the same images previously featured other tokens that have long since crashed.
Moreover, on-chain data shows that insiders likely control the vast majority of supply. Namely, a snapshot from
Go to Source to See Full Article
Author: David Marsanic
