Unveiling the Memecoin Manipulation: The Twisted Trail of WaifuAI (WFAI)

WaifuAI (WFAI) which is a new memecoin that features AI-generated anime characters entered the market with an unbalanced initial distribution that raised eyebrows . Crypto Twitter user Chris (@ChrisONCT) began an investigation into the project which later caught the attention of WuBlockchain which revealed a complex market manipulation scheme involving Venture Capital (VC) company DWF Labs .

Masking Manipulation Through Initial Distribution

The investigation found that the initial allocation of 95% of WFAI tokens into liquidity pools was used to disguise the manipulation . Evidence suggests that the entity behind the memecoin managed to buy back 86% of the supply at a significantly low price which raised suspicion about their involvement .

FOR MORE INFO: https://finvestime.com/unveiling-the-memecoin-manipulation-the-twisted-trail-of-waifuai-wfai/