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Apparently $XMW ended up being a scam.
We made solid gains from this one and already exited but it still sucks to see bad actors running schemes like this.
After all the reportedly fake deals they did not do a typical rug. Instead they announced a migration to a new token called $MW and told users to send their $XMW through a migration contract.
The team allocated themselves around 8.6 billion $MW tokens while the community got only about 1 billion.
The migration contract also had an owner-only function that let them withdraw any tokens at will.
Once enough tokens were sent in they sold their bags and reportedly used the extracted funds to start a web2 venture.
Dev is currently being hunted by those who lost hundreds of thousands.
Gotta take your DD seriously. Scammers are hardworking and relentless these days.