The cryptocurrency Worldcoin (WLD) has seen a dramatic price increase, surging 75% over the past five days, with a significant 38% increase in the last 24 hours.2 (@DefiSquared), the number one ranked trader on Bybit and a top 10 wallet on DeBank, this price movement is not merely speculative but indicative of potential market manipulation, timed with upcoming insider unlocks.2 has brought to light concerning details about Worldcoin’s market activities ahead of its planned insider token unlocks.With only 2.7% of WLD’s total supply currently in circulation, the smallest percentage in the industry at unlock time, the concerns center around how the Worldcoin team has managed to maintain a staggering $30 billion fully diluted valuation (FDV).2 wrote.“This research piece brings to light exactly how the team is controlling the price to still carry a $30 billion fully diluted valuation as insider unlocks begin, while falsely claiming to have no involvement.” Related Reading: Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream Worldcoin was initially launched with a 1.4% circulating supply, or 140 million WLD.
This statement starkly contradicts the evident effects of the team’s strategic decisions regarding tokenomics and market maker contracts.2 emphasizes, “An 11-figure valuation is only possible due to the team’s deliberate design of tokenomics, and the daily price movements have often been influenced by well-timed announcements and policy adjustments made by the team.” Market Manipulation The Worldcoin framework, which was ostensibly designed to facilitate universal basic income (UBI), seems to be primarily benefiting insiders rather than the intended recipients.
On “The Scoop Podcast,” Alex Blania, CEO of Worldcoin, openly discussed these tactics, stating they were crucial in preventing the price from soaring, which could potentially disrupt the market.“The intent to avoid the price spiking to $10,” Blania explained, “is paramount, as such an event would be horrific for our strategic market positioning.” However, by December 16th, the situation dramatically shifted when Worldcoin opted not to renew its market maker contract.
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