WLD is ugly, the dog dealer arbitrarily changes the gameplay to cut leeks, and the long and short double explosions cause users to liquidate 6.7 million US dollars
On June 30, the WLD project announced that it will carry out large-scale linear unlocking from July 24, unlocking 6.62 million WLD tokens every day, equivalent to about 18 million US dollars, for 730 consecutive days. The unlocking involves the community, the initial development team and investors. As soon as experienced coin friends saw this news, they knew that the price of WLD would definitely fall sharply because a large number of tokens were released to the market every day. Sure enough, WLD fell from US$2.7 to US$1.9.
However, on July 16, the project suddenly announced that Worldcoin would extend the unlocking time of 80% of WLD tokens to 5 years. These tokens, which were originally scheduled to be unlocked linearly on July 24, 2024, involving the part allocated to Worldcoin contributor Tools for Humanity, will now be unlocked in 5 years. At the same time, the grants of WLD's verified World ID holders are not affected. As soon as the news came out, the price instantly rose from $1.7 to $2.4. Although it fell back to $2.2 in the middle, it continued to rise and is currently maintained at $2.8. Yes, you read it right. This directly changed the rules of the previous announcement. What is the difference between this and deceiving the market?
This is a typical way of cutting leeks: first release bad news to force retail investors to hand over their chips, then absorb chips at a low level, and then release good news to blow up contract players. Coinglass data shows that WLD 24-hour liquidation of 6.73 million US dollars, breaking the single-day liquidation record this month. Both long and short positions were not spared. How many people's hard-earned money was played away by its two pieces of news. This kind of project must be resisted. If all projects in the currency circle change the rules so arbitrarily, you can imagine what kind of scene it will be, and who will be the victim? But overall, the coins of the WLD team and investors have been unlocked twice as long as the previous unlocking plan. It used to be unlocked in two years, and now it is unlocked in four years. The others should still be unlocked. Mumu feels that there is no difference, and it is highly recommended not to touch the spot. In the end, it will still plummet.
