The CWU token, previously endorsed by the former president of Ghana, is under scrutiny following allegations of a 'rug pull.' On-chain analytics platform Bubblemaps reported that a cluster of addresses associated with the project has sold approximately $600,000 worth of CWU tokens. Despite these sales, the flagged addresses still retain about 85% of the total CWU supply.
The significant sell-off has raised concerns among investors, as the token had gained attention due to its high-profile endorsement. The situation highlights ongoing risks in the cryptocurrency market, where endorsements by prominent figures do not always guarantee project integrity.
Token Endorsed by Former Ghanaian President Faces 'Rug Pull' Allegations
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