Summary of Report and Its Impact on @Worldcoin Worldcoin ($WLD )
Security analyst ZachXBT described Worldcoin as the "biggest scam" of the current bull run, following a report accusing the project of unethical practices and manipulation. Key points include a low available supply (2.7% of 10 billion), a price suppression mechanism benefiting insiders, misleading practices, and denial of manipulation despite evidence. Suspicions of insider trading before major announcements were also raised. ZachXBT's statements resonated widely, with calls for government investigations and stronger investor protection. Worldcoin faces multiple investigations, and WLD's price dropped by 10% to $2.91, with trading volume down 36%.