VWA Crypto Soars on ‘Simpsons Prediction’ Despite Warning Signs
Regardless of its promotion, the VWA token is not affiliated with BlackRock or Vanguard Investments, nor did it feature on The Simpsons.
Summary
- The small-cap VWA token, sometimes referred to as Vanguard RWA, experienced a significant spike in trading volume and price.
- This token has no affiliation with BlackRock or Vanguard.
- BubbleMaps indicates a heavy concentration of ownership among insiders.
- The Simpsons did not predict its rise to $1.
The rapid increase of the VWA token, branded as “Vanguard RWA,” has gained remarkable attention from traders, some of whom even claim a link to The Simpsons. On Monday, Oct. 6, the token swiftly achieved $1 million in daily trading volume, just moments after its launch.
Only four days before, the SOL-VWA trading pair was listed on the Jupiter decentralized exchange. During this time, the VWA token reached a price of $0.007457 and a market cap of $7.4 million. Nevertheless, numerous traders are raising significant concerns regarding the token.
VWA, also promoted as Vanguard RWA, purports to be a real-world asset project that integrates gold and silver with Solana. However, despite its marketing claims, the token has no association with either Vanguard Investments or BlackRock, with those companies having made no mention of it.
Did The Simpsons forecast the VWA token rise?
One of the most extreme claims is that the VWA token made an appearance on the famous show The Simpsons. Various social media accounts across X and Instagram have circulated images allegedly showcasing this event in a recent episode.
Images manipulated to suggest they were taken from The Simpsons—though they never actually aired—are commonly used to generate social media buzz. Notably, some of these same images previously appeared with other tokens that have dramatically declined in value.
Furthermore, on-chain metrics reveal that insiders likely control a substantial portion of the supply. A snapshot from Bubble Maps shows that the top 50 addresses hold between 89% and 90% of ownership. Additionally, most of these addresses are clustered around the smart contract address, indicating possible insider control.
The ownership concentration, along with the deployment of hype strategies, suggests that traders should approach this token with considerable caution.