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Worldcoin denies the accusations of market manipulation, but the crypto WLD plummets
According to a report by a crypto industry media outlet, a spokesperson for the company Worldcoin has denied some allegations regarding alleged fraudulent activities carried out by the group.
A few days ago, several cryptographic experts highlighted clear signs of insider trading and market manipulation by members of the Wordlcoin team.
In the meantime, the crypto WLD continues to lose points very quickly.
Let’s see all the details of the news below.
Experts criticize the Worldcoin team and highlight signs of insider trading and market manipulation
On July 17, 2024, the expert cryptocurrency trader “DefiSquared” accused Worldcoin of promoting a real scam to the detriment of WLD holders.
According to the user, who boasts the position of top #1 trader on Bybit, the team of Worldcoin and the affiliated investors allegedly manipulated the price of the token with frequent insider activities.
In a research conducted by himself, it shows how the team artificially controlled WLD maintaining an “unfair” valuation of 30 billion dollars fully diluted.
Dropping my most extensive research piece on Worldcoin to date. With insider unlocks just 8 days away, I encourage you all to give it a read and stay informed. https://t.co/5668JzlnUc
— DeFi^2 (@DefiSquared) July 17, 2024
Even the well-known on-chain detective ZachXBT has joined in denouncing the improper behavior of the VC and the representatives of Worldcoin. The expert sent a subtle jab at the promoters of this scam, among whom stand out figures such as Nick Tomaino, Sam Bankman Fried and 3AC. These are his words on X:
“Shame on all the VCs and team members who are complicit in the biggest scam against the bulls and did nothing to stop it.”
More closely, the accusations concern the way in which the structure orbiting around Worldcoin would have managed the unlocks of WLD, with a low circulating supply and large future emissions.
The reckless management of the tokenomics of the token, and the insider activities carried out by market makers and private investors in conjunction with certain events, would have created favorable market conditions.
All this has been aimed at offering frequent profit opportunities to the team, with retail purchases becoming the exit liquidity for the large holders of WLD.
According to DefiSquared, at the moment Korean users are the ones who have most supported the unjustified quotations of the crypto. On the Korean exchange Bithumb, in fact, tokens are held for 26% of the circulating supply of WLD.
Source: https://platform.arkhamintelligence.com/explorer/entity/bithumb
The response of Worldcoin: all accusations denied
A spokesperson for Worldcoin stated in a recent interview that the project is in no way involved in the practice of market manipulation.
Emphasizing that their team “has zero tolerance” towards such fraudulent activities, they condemned any attempt to cast the technology company in a bad light.
Already during the Token2049 event in Dubai held in April, the CEO of Tools of Humanity Alex Bania had denied any form of control over WLD.
Now the Worldcoin team is pushing even harder to refute such accusations. These are the words of the spokesperson:
“The Worldcoin Foundation and the contributor Tools for Humanity take any accusation of insider trading seriously, even if unfounded and baseless, and would have zero tolerance for such activity if it were to occur.”
The speech referred to what was previously written by DefiSquared regarding the use of “informazioni privilegiate” that the team would have exploited to buy before a probable price increase. The complaint was immediately deplored, citing a lack of precise and reliable data.
According to what has been stated, the two organizations leading the biometric iris recognition system have not found concrete evidence of price manipulation.
The Worldcoin representative also states that they maintain a strict market integrity policy that works to prevent these activities.
In this regard, it was recalled that people holding political positions cannot in any way disclose confidential information related to the purchase decisions of WLD.
The price action in bear of the crypto WLD: -28% in a week
The accusations against Worldcoin started when DefiSquared noticed anomalous behavior in the price of WLD, before a positive news had been announced.
In fact, on July 16, Tools for Humanity published a post on their blog to delay the token unlocks by two years, which is positive for the price action of WLD.
The strange thing is that the cryptocurrency had already grown strongly 24 hours before the announcement of the delay in the unlocking of the circulating supply.
Source: https://x.com/DefiSquared/article/1813506473915466142/media/1813442136588840960
At the time of writing the article WLD marks a price of 2.32 dollars, 28% lower compared to the prices of last week.
The positive news announced regarding the unlocks of the token managed to lift its price action. Not even the denial of the accusations of insider trading and manipulation helped to resume the bull run, and indeed it sank WLD below the EMA 50.
From March 2024 to today the currency loses about 80% of its value. Despite this, only 2.8% of the total supply is actually present on the market.
This data represents a strong warning sign: although short-term rises are always possible, the long-term path is already set.
Most likely WLD will continue to lose ground in the coming years, and will be heavily penalized by the selling pressure from the unlocks.
Source: https://it.tradingview.com/chart/1hwwyywT/?symbol=BINANCE%3AWLDUSDT
A few days ago, several cryptographic experts highlighted clear signs of insider trading and market manipulation by members of the Wordlcoin team.
In the meantime, the crypto WLD continues to lose points very quickly.
Let’s see all the details of the news below.
Experts criticize the Worldcoin team and highlight signs of insider trading and market manipulation
On July 17, 2024, the expert cryptocurrency trader “DefiSquared” accused Worldcoin of promoting a real scam to the detriment of WLD holders.
According to the user, who boasts the position of top #1 trader on Bybit, the team of Worldcoin and the affiliated investors allegedly manipulated the price of the token with frequent insider activities.
In a research conducted by himself, it shows how the team artificially controlled WLD maintaining an “unfair” valuation of 30 billion dollars fully diluted.
Dropping my most extensive research piece on Worldcoin to date. With insider unlocks just 8 days away, I encourage you all to give it a read and stay informed. https://t.co/5668JzlnUc
— DeFi^2 (@DefiSquared) July 17, 2024
Even the well-known on-chain detective ZachXBT has joined in denouncing the improper behavior of the VC and the representatives of Worldcoin. The expert sent a subtle jab at the promoters of this scam, among whom stand out figures such as Nick Tomaino, Sam Bankman Fried and 3AC. These are his words on X:
“Shame on all the VCs and team members who are complicit in the biggest scam against the bulls and did nothing to stop it.”
More closely, the accusations concern the way in which the structure orbiting around Worldcoin would have managed the unlocks of WLD, with a low circulating supply and large future emissions.
The reckless management of the tokenomics of the token, and the insider activities carried out by market makers and private investors in conjunction with certain events, would have created favorable market conditions.
All this has been aimed at offering frequent profit opportunities to the team, with retail purchases becoming the exit liquidity for the large holders of WLD.
According to DefiSquared, at the moment Korean users are the ones who have most supported the unjustified quotations of the crypto. On the Korean exchange Bithumb, in fact, tokens are held for 26% of the circulating supply of WLD.
Source: https://platform.arkhamintelligence.com/explorer/entity/bithumb
The response of Worldcoin: all accusations denied
A spokesperson for Worldcoin stated in a recent interview that the project is in no way involved in the practice of market manipulation.
Emphasizing that their team “has zero tolerance” towards such fraudulent activities, they condemned any attempt to cast the technology company in a bad light.
Already during the Token2049 event in Dubai held in April, the CEO of Tools of Humanity Alex Bania had denied any form of control over WLD.
Now the Worldcoin team is pushing even harder to refute such accusations. These are the words of the spokesperson:
“The Worldcoin Foundation and the contributor Tools for Humanity take any accusation of insider trading seriously, even if unfounded and baseless, and would have zero tolerance for such activity if it were to occur.”
The speech referred to what was previously written by DefiSquared regarding the use of “informazioni privilegiate” that the team would have exploited to buy before a probable price increase. The complaint was immediately deplored, citing a lack of precise and reliable data.
According to what has been stated, the two organizations leading the biometric iris recognition system have not found concrete evidence of price manipulation.
The Worldcoin representative also states that they maintain a strict market integrity policy that works to prevent these activities.
In this regard, it was recalled that people holding political positions cannot in any way disclose confidential information related to the purchase decisions of WLD.
The price action in bear of the crypto WLD: -28% in a week
The accusations against Worldcoin started when DefiSquared noticed anomalous behavior in the price of WLD, before a positive news had been announced.
In fact, on July 16, Tools for Humanity published a post on their blog to delay the token unlocks by two years, which is positive for the price action of WLD.
The strange thing is that the cryptocurrency had already grown strongly 24 hours before the announcement of the delay in the unlocking of the circulating supply.
Source: https://x.com/DefiSquared/article/1813506473915466142/media/1813442136588840960
At the time of writing the article WLD marks a price of 2.32 dollars, 28% lower compared to the prices of last week.
The positive news announced regarding the unlocks of the token managed to lift its price action. Not even the denial of the accusations of insider trading and manipulation helped to resume the bull run, and indeed it sank WLD below the EMA 50.
From March 2024 to today the currency loses about 80% of its value. Despite this, only 2.8% of the total supply is actually present on the market.
This data represents a strong warning sign: although short-term rises are always possible, the long-term path is already set.
Most likely WLD will continue to lose ground in the coming years, and will be heavily penalized by the selling pressure from the unlocks.
Source: https://it.tradingview.com/chart/1hwwyywT/?symbol=BINANCE%3AWLDUSDT
@Worldcoin After the tweet that carries all the meanings of weakness, defeat, and humiliation, we need an answer to these questions from the project of $WLD #worldocin
We need SamAltman.
Does he still own the Worldcoin project?
What is the project's relationship with ChatGPTapp and OpenAI?
We need strong partnerships for the project with major payment companies, giant phone companies, or even countries.
Even support DonaldTrump
#Post this on various social media platforms. We, the investors who need thousands of dollars, require a decisive response from them @Worldcoin
We need SamAltman.
Does he still own the Worldcoin project?
What is the project's relationship with ChatGPTapp and OpenAI?
We need strong partnerships for the project with major payment companies, giant phone companies, or even countries.
Even support DonaldTrump
#Post this on various social media platforms. We, the investors who need thousands of dollars, require a decisive response from them @Worldcoin
tengo una duda soy de argentina y estaba pensando en comprar worldcoin, soy nuevo en todo esto y nose nada pero vi que de 4 dolares subio a 5 entonces si pongo 100 dolares cuando suba otra ves a 5 lo vendo y multiplico mi dinero? es buena idea oh que me recomiendan? #Binance #worldocin #nuevosenbinance
#wld #worldocin They know everyone is buying long so they keep selling to get the liquidity.
$WLD coin went up as I expected (12% 🔥🥳), I think you have a good profit.
(If you enter a trade in this coin, close it because its tokenomics is not good)
#WLD🔥🔥🔥 #WLDUSDT #worldocin #WLDGrowth #dilwi
(If you enter a trade in this coin, close it because its tokenomics is not good)
#WLD🔥🔥🔥 #WLDUSDT #worldocin #WLDGrowth #dilwi
LIVEDilWi
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Ανατιμητική
$WLD coin is now at the end of a major correction pattern (ABC simple zigzag), so you can catch a good long trade by watching this coin.🔥🚀 (DYOR)
#WLDToTheMoon #WLD🔥🔥🔥 #WLDUSDT #Wolrdcoin #dilwi
#WLDToTheMoon #WLD🔥🔥🔥 #WLDUSDT #Wolrdcoin #dilwi
What's behind the trend of Worldcoin lately?
Should we hold it or sell it?
Share your thoughts
#worldcoin
Should we hold it or sell it?
Share your thoughts
#worldcoin
A Comprehensive Guide to Withdraw Worldcoin(wld)
1. Launch the Worldcoin application: Open the Worldcoin app on your smartphone to get started. Make sure your login credentials are entered correctly.
2. Go to Wallet:– After opening the program, find the "Wallet" area to view your Worldcoin balance along with your other cryptocurrency holdings.
3. Click on Withdraw:- Look for the "Withdraw" option under the wallet area.
4.Enter Withdrawal Details:- The destination information must be entered.
5. Input Amount:- Enter the total amount of Worldcoin you want to take out. Pay attention to any applicable minimum withdrawal limits.
6. Verify Transaction: - Verify all the information, including the amount and withdrawal address, twice. Before completing the purchase, you can review it on a summary screen offered by certain apps.
7. Authentication: - You might need to authenticate the transaction for security reasons. This could entail utilizing a biometric verification method, such as a fingerprint or facial recognition system, or typing a password or Pin
8. Confirm Withdrawal: - Confirm the withdrawal after you've confirmed all the information and provided authentication. After that, the transaction will be handled.
9. Check Transaction Status: - Within the app, you may keep an eye on the progress of your withdrawal. It could require several minutes to several hours, contingent upon the volume of traffic on the blockchain network and the processing timings of the financial platform.
10. Finishing:- The money should be credited to your account on the financial platform as soon as the transaction is finished. A message or email verifying the successful transfer may be sent to you. #worldocin #Withdrawl #WithdrawalProblem #WLD/USDT⚡️⚡️
1. Launch the Worldcoin application: Open the Worldcoin app on your smartphone to get started. Make sure your login credentials are entered correctly.
2. Go to Wallet:– After opening the program, find the "Wallet" area to view your Worldcoin balance along with your other cryptocurrency holdings.
3. Click on Withdraw:- Look for the "Withdraw" option under the wallet area.
4.Enter Withdrawal Details:- The destination information must be entered.
5. Input Amount:- Enter the total amount of Worldcoin you want to take out. Pay attention to any applicable minimum withdrawal limits.
6. Verify Transaction: - Verify all the information, including the amount and withdrawal address, twice. Before completing the purchase, you can review it on a summary screen offered by certain apps.
7. Authentication: - You might need to authenticate the transaction for security reasons. This could entail utilizing a biometric verification method, such as a fingerprint or facial recognition system, or typing a password or Pin
8. Confirm Withdrawal: - Confirm the withdrawal after you've confirmed all the information and provided authentication. After that, the transaction will be handled.
9. Check Transaction Status: - Within the app, you may keep an eye on the progress of your withdrawal. It could require several minutes to several hours, contingent upon the volume of traffic on the blockchain network and the processing timings of the financial platform.
10. Finishing:- The money should be credited to your account on the financial platform as soon as the transaction is finished. A message or email verifying the successful transfer may be sent to you. #worldocin #Withdrawl #WithdrawalProblem #WLD/USDT⚡️⚡️
Worldcoin Layer 2 World Chain Announces Developer Preview 🚨
In preparation for the official launch of World Chain, the Worldcoin Foundation has introduced a developer preview.
Optimism Unlimited Chief Growth Officer Ryan Wyatt described the World Chain project as one of the largest in its space. He highlighted that it is a contributor to enhancing the OP Stack while also contributing sequencer revenue to the Optimism Collective.
“The launch of World Chain’s developer preview marks a significant step forward, enabling Worldcoin’s developers to leverage the power of the OP Stack to build ambitious applications, further enhancing the Superchain’s impact,” Wyatt added.
So far, the World Chain project has received immense support from some of the industry’s finest firms. Last month, Worldcoin teamed up with blockchain infrastructure giant Alchemy to power this ambitious project. Noteworthy, the strategic partnership gives Worldcoin access to Alchemy’s proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools
#worldocin #cpi #Rollups #announcement
In preparation for the official launch of World Chain, the Worldcoin Foundation has introduced a developer preview.
Optimism Unlimited Chief Growth Officer Ryan Wyatt described the World Chain project as one of the largest in its space. He highlighted that it is a contributor to enhancing the OP Stack while also contributing sequencer revenue to the Optimism Collective.
“The launch of World Chain’s developer preview marks a significant step forward, enabling Worldcoin’s developers to leverage the power of the OP Stack to build ambitious applications, further enhancing the Superchain’s impact,” Wyatt added.
So far, the World Chain project has received immense support from some of the industry’s finest firms. Last month, Worldcoin teamed up with blockchain infrastructure giant Alchemy to power this ambitious project. Noteworthy, the strategic partnership gives Worldcoin access to Alchemy’s proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools
#worldocin #cpi #Rollups #announcement
$WLD is breaking down after a massive rally to $2.084 and on loosing support at $1.807.
Breakdown targets lie at $1.416 which is support.
A reclaim of $1.807 watch for a rally to $2.084 and $2.372 as the next targets.
#WLD🔥🔥🔥
#worldocin
Breakdown targets lie at $1.416 which is support.
A reclaim of $1.807 watch for a rally to $2.084 and $2.372 as the next targets.
#WLD🔥🔥🔥
#worldocin
