The most pair trade for this token is WAIF/WETH on Uniswap, while USDC/WAIFU is so quiet, not much volume.
It doesn't seem like a sign of a scam, it's just a temporary fall. WAIFU token have $1,227,700 total liquidity, if it's still have that much, still not scam yet, just temporary, unless the liquidity is gone. See it
https://www.dextools.io/app/uniswap/pair-explorer/0xb27c012b36e79decb305fd1e512ba90eb035a6fa