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Worldcoin Faces Price Manipulation Allegations After Delaying Token Unlock âïž
#Worldcoin is under scrutiny following allegations of price manipulation after delaying the unlock of 80% of its native tokens.
On July 16, Worldcoin's developer, Tools for Humanity, extended the token unlock schedule from three to five years, now concluding in July 2028. This #delay reduces immediate token supply, potentially preventing significant price drops.
Following the announcement, Worldcoin's token (WLD) price surged by 68%, from $1.90 on July 15 to $3.11 on July 17. DeFi Squared accused the Worldcoin team of manipulating prices and using insider information.
Crypto investigator #ZachXBT echoed these claims, calling Worldcoin a scam and criticizing involved venture capitalists and team members. Worldcoin has not yet responded to these allegations.
#Binance
#crypto2024
#Worldcoin is under scrutiny following allegations of price manipulation after delaying the unlock of 80% of its native tokens.
On July 16, Worldcoin's developer, Tools for Humanity, extended the token unlock schedule from three to five years, now concluding in July 2028. This #delay reduces immediate token supply, potentially preventing significant price drops.
Following the announcement, Worldcoin's token (WLD) price surged by 68%, from $1.90 on July 15 to $3.11 on July 17. DeFi Squared accused the Worldcoin team of manipulating prices and using insider information.
Crypto investigator #ZachXBT echoed these claims, calling Worldcoin a scam and criticizing involved venture capitalists and team members. Worldcoin has not yet responded to these allegations.
#Binance
#crypto2024
