Twitter user @ChrisONCT cited on-chain data to expose a suspected scam Meme coin project Waifu AI World (WFAI). The token economics announced by the project stated that 95% of the supply was allocated to LPs. However, shortly after WFAI went online, 4 new wallets spent a total of 14.4 ETH in four transactions to purchase 647 trillion WFAI, accounting for approximately 83.2% of supply (777 trillion). At present, the project party has blacklisted the wallets that purchased 457 trillion WFAI, and now the total supply of WFAI is 320 trillion, which means that 190 trillion tokens are held by insiders, accounting for 60% of the total token supply. And DWF Labs spent about 20 ETH to purchase 624.9 billion WFAI yesterday afternoon; DEXTools trust score changed from extremely low to extremely high within a few hours.