According to PANews, DeFi researcher @DefiSquared published an analysis on the X platform, pointing out that Worldcoin may become the largest wealth transfer event in this cycle, but this wealth transfer is not in the form of universal basic income (UBI) as claimed in its mission, but is transferred to the pockets of the team and insiders. Although many people mistakenly believe that the project is related to OpenAI, there is actually no direct connection, and the upcoming token unlocking may lead to a large-scale sell-off in the market.

According to @DefiSquared analysis, Worldcoin is currently valued at $60 billion fully diluted, with a daily depreciation of 0.6% due to token issuance and operator claims. The Worldcoin Foundation announced that it would sell an additional $200 million worth of tokens to trading companies, which is equivalent to 18% of the total circulating supply, and these tokens were sold to opposing parties, and the distribution called "Community" actually brought benefits to the Foundation.

There are only 70 days left until the VC and team unlocking period begins, when the supply of WLD will be inflated by 4% per day due to unlocking and issuance, resulting in nearly $50 million of continued selling pressure. @DefiSquared warns that this design was based on predatory token economics from the beginning, intended to benefit the team and early investors, while retail investors often do not understand this background and mistakenly believe that they can counter the system by pushing up prices.