VWA token Surges Despite Lack of notable Backing
The VWA token, marketed as āVanguard RWA,ā has seen a sudden spike in trading volume and price. Though, it has no ties to BlackRock or Vanguard Investments. On Oct. 6, the token reached $1 million in daily trading volume, just days after its launch on the Jupiter decentralized exchange.
Despite its branding, VWA is not associated with any major financial institutions. The token claims to bring gold and silver to Solana, but this is misleading.Additionally, claims that The Simpsons predicted its success are false. Manipulated images have been circulating on social media,falsely linking the token to the show.
On-chain data reveals a concerning concentration of ownership. Bubble Maps shows that the top 50 addresses control 89-90% of the token supply. Many of these addresses are linked to the smart-contract address, suggesting insider control.
Traders should be cautious.The tokenās rise seems driven by hype and misleading claims. Always verify details before investing.
