Commonwealth (CWU)

This memecoin is backed by the 10th President of Ghana

But 90% of the supply is bundled

What is going on with $CWU? 🧵 https://t.co/WeOPE4Crid

2/ $CWU launched on April 9

It recently surged to a $120M mcap

The project is promoted by @JohnAKufuor, former President of Ghana and official advisor to the project https://t.co/62pzFTLrWq

3/ Before launch, 200+ wallets were freshly funded in batches on April 2, 7, and 8

These wallets:

> had no prior activity
> claimed $CWU immediately at launch
> now control 87% of the supply

https://t.co/CoXyN39ziR https://t.co/9J7WoS2K8i

4/ Before trading started, the deployer used a whitelist function on Meteora. This likely explains how the 200+ fresh wallets were able to claim $CWU at launch https://t.co/8GFxSVMnvQ

5/ According to the $CWU team, 10% of the supply should be in the treasury and 90% in circulation

But 87% of the supply appears to be controlled by a single entity

The math is not mathing here… https://t.co/ve0r2vgg1d

6/ The main account promoting $CWU is @HEsbfaq, who claims to be Sheikh Saoud, a royal UAE family member

But the account joined X in March, and its first post was only on April 7

Suspicious https://t.co/BUoseioet2

7/ We urge investors to stay cautious with $CWU

There are many red flags around this launch, and retail traders should avoid it.

5/ According to the $CWU team, 10% of the supply should be in the treasury and 90% in circulation

But 87% of the supply appears to be controlled by a single entity

The math is not mathing here… https://t.co/ve0r2vgg1d

The distribution model allocates 90% of the supply to circulation and 10% to the treasury.

The International Advisory Board includes sitting and former presidents, prime ministers, and senior statesmen across the Commonwealth. Further details are available on the official website.

4/ Before trading started, the deployer used a whitelist function on Meteora. This likely explains how the 200+ fresh wallets were able to claim $CWU at launch https://t.co/8GFxSVMnvQ