The controversy caused by the Worldcoin token unlocking extension event continues

Event Overview

Worldcoin announced that it would extend the unlocking time of 80% of its native token WLD from 3 years to 5 years. The move triggered accusations of price manipulation and fraud in the community as the token price soared immediately after the announcement. Some investors accused the Worldcoin team of manipulating the market with insider information and profiting from price increases.

Latest Developments

Worldcoin denied all allegations and said that the delay in unlocking tokens was for the long-term benefit of the project. Cryptocurrency analyst ZachXBT and others insisted that Worldcoin was manipulative. Relevant departments have begun investigating these allegations.

Potential Impact

These allegations may damage Worldcoin's reputation and hinder its development. If the allegations are confirmed, Worldcoin may face legal action or regulatory penalties. This incident may have a negative impact on other cryptocurrency projects and increase investors' concerns about the industry.

Investors should pay attention

Before investing in any cryptocurrency project, you should carefully research and understand the associated risks. Investors should be wary of possible manipulation or fraud and avoid investing in projects with poor reputation.

Here are some factors that may affect the future development of Worldcoin:

The results of the investigation into the allegations of price manipulation and fraud The community's reaction to the project The overall state of the cryptocurrency market

Overall, the Worldcoin token unlocking delay event has triggered a series of negative reactions, which may have a significant impact on the future development of the project. Investors should invest with caution and pay close attention to developments.