$CWU, linked to Ghana’s former president John Kufuor, reached a $120M market cap as reports say 90% of supply is bundled.
Inside the $CWU mystery, fresh questions are growing around a memecoin linked to John Agyekum Kufuor, Ghana’s former president.
The token launched on April 9 and later reached about $120 million in market cap.
However, reports that nearly 90% of its supply remains bundled have raised concern among traders.
Ghana’s 10th President Backs $CWU as Supply Concerns Grow
This memecoin is backed by Ghana’s 10th president, John Agyekum Kufuor.
He is also described as an official advisor to the project. His public link to $CWU helped bring the token wider attention.
However, the main concern is the token supply. Reports say about 90% of $CWU remains bundled. This means a large part may be held by connected wallets.
This memecoin is backed by the 10th President of Ghana
But 90% of the supply is bundled
What is going on with $CWU?
pic.twitter.com/WeOPE4Crid
— Bubblemaps (@bubblemaps) May 8, 2026
The project launched on April 9 and quickly gained market interest. It later surged to about $120 million in market cap. But the fast rise has brought more questions about early token access.
As a result, traders are asking what is going on with $CWU. The concern is not only the price rise. It is also about who controls most of the supply.
Fresh Wallets Claimed $CWU at Launch
Before the launch, more than 200 wallets were reportedly funded. These wallets received funds in batches on April 2, April 7, and April 8. They had no known activity before those transfers.
After $CWU launched, the wallets claimed tokens almost at once. Reports say they now control about 87% of the supply. This pattern has become a key part of the review.
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 supplyhttps://t.co/CoXyN39ziR pic.twitter.com/9J7WoS2K8i— Bubblemaps (@bubblemaps) May 8, 2026
The deployer also used a whitelist function on Meteora before trading began.
This may explain how selected wallets claimed $CWU at launch. However, it does not answer all questions about the setup.
Therefore, market watchers are reviewing the launch process more closely.
A large bundled supply can create risk for small buyers. It can also affect price moves if large holders sell.
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Promoter Account Draws More Attention
The main account promoting $CWU is @HEsbfaq. The account claims to be Sheikh Saoud, a UAE royal family member. It has played a public role in pushing the project.
However, the account joined X in March. Its first post appeared on April 7. That was only two days before the $CWU launch.
This timing has raised fresh questions among traders. The short account history has added to concerns about the project.
Still, no final finding has been made from the available details. For now, $CWU remains under close watch in the crypto market.
Traders are focused on the bundled supply and early wallet claims. They are also seeking clearer answers from the project team.
The post Inside the $CWU Mystery as 90% of Tokens Remain Bundled appeared first on Live Bitcoin News.
