$CWU “Commonwealth Union”: Heads of State involved, run by a UAE royal named in OneCoin reports, with 73% of supply traced to one entity
TLDR: New Solana token marketed as “the Commonwealth token” with an advisory board of former presidents. It is managed by the “Commonwealth Union Blockchain”, they are NOT affiliated with the actual Commonwealth. The president of the issuing entity is the same UAE royal the BBC reported handed Ruja Ignatova 230,000 BTC during the OneCoin scandal. On-chain analysis shows 73% of supply is controlled by 195 wallets sharing one funding fingerprint.
I have tweeted on this in detail on my X account @jubraanshareef. Resources on github/jubraanshareef/cwu_scam.
President of Commonwealth Union Blockchain Network is Sheikh Saoud bin Faisal Al Qassimi of the Sharjah ruling family. Per Middle East Eye citing leaked Dubai court documents, he handed Ruja Ignatova four USB sticks containing 230,000 BTC in 2015. Ignatova is FBI Most Wanted #2 for the $4B OneCoin Ponzi. SDNY found crime-fraud exception applied to his company’s communications with her in 2019. Seychelles investigation request filed October 2025. Not criminally charged. (https://www.middleeasteye.net/news/ruja-ignatova-cryptoqueen-bitcoin-uae-royal-lost-millions-dollars-scam)
195 wallets hold 731M CWU. All 195 carry SOL balances within a 6-lamport window of each other. 93 of 94 traced wallets created their CWU token accounts in the same one-second window on launch day (April 9, 2026, 00:19:41-42 UTC).
The chart right now is square-wave shaped. Consistent with bot-driven volume in the absence of real flow.