$WLD
Worldcoin’s WLD price has dropped by 35% as the project enters a new phase of token unlocking, set to release 2.38 billion tokens over the next four years. This unlock, beginning on July 24, will see 1.63 million WLD tokens released daily.
The project aims to manage the distribution systematically to maintain market balance, but the token’s value has declined due to market fears of increased circulation.
Amid this unlocking phase, Worldcoin faces allegations of insider trading and price manipulation. DeFi Squared and crypto investigator ZachXBT have accused the project of allowing insiders to benefit from trading the token.
Worldcoin has denied these allegations, emphasizing its zero-tolerance policy for insider trading and commitment to market integrity
