Worldcoin (WLD) Labeled as the 'Biggest Scam Token of the Bull Run” by Crypto Investigator ZachXBT

This bold statement comes just days before the project's insider token unlocks are set to begin, raising serious concerns about the project's integrity and future.

Prominent crypto investigator ZachXBT has labeled Worldcoin (WLD) as the “biggest scam token of the bull run.” This bold statement comes just days before the project’s insider token unlocks are set to begin, raising serious concerns about the project’s integrity and future.

In particular, ZachXBT‘s accusations stem from an extensive research piece published by DeFi^2, a self-proclaimed top-ranked trader on Bybit. The report details how Worldcoin’s team allegedly manipulates the token’s price while publicly denying any involvement.

As reported by DeFi^2 on July 17, Worldcoin is set to commence insider unlocks in just seven days. However, the circulating supply remains at a mere 2.7%, with 276 million circulating WLD over a 10 billion total supply. This is one of the lowest ratios ever observed for a major VC-backed cryptocurrency project, raising inflation concerns.

Dropping my most extensive research piece on Worldcoin to date. With insider unlocks just 8 days away, I encourage you all to give it a read and stay informed.

Worldcoin price control, misdirection, and insider trading

Notably, the research piece highlights several concerning practices by the Worldcoin team, including:

One of the most alarming concerns in the report is the identification of unexpected victims in this alleged scheme. According to DeFi^2, a significant portion of WLD holders are Korean retail investors, many of whom may not fully understand the risks due to language barriers.

Moreover, the research suggests potential insider trading, with suspicious price movements occurring just before significant announcements. This pattern raises questions about the ethical practices of the Worldcoin team and associated venture capitalists.

In this context, ZachXBT‘s accusation has sent shockwaves through the crypto community. The investigator did not mince words, stating, “Shame on all of the VCs and team members who are complicit in the biggest scam token of the bull run and did nothing to prevent it.”

Shame on all of the VCs and team members who are complicit in the biggest scam token of the bull run and did nothing to prevent it.

The crypto investigator also called out individual contributors to the Worldcoin project, accusing them of “scamming with WLD.”

back to scamming with WLD you mean

The future of Worldcoin

With insider unlocks looming and these serious allegations coming to light, the future of Worldcoin appears uncertain. The crypto community eagerly awaits a response from the Worldcoin team and associated venture capitalists.

As this story develops, it serves as a stark reminder of the potential risks in the cryptocurrency space. Investors are urged to conduct thorough research and remain vigilant, especially when dealing with projects that exhibit unusual tokenomics or price behaviors.

The coming weeks will be crucial for Worldcoin as it navigates these allegations and the impending token unlocks. The outcome could have far-reaching implications for the project and the broader cryptocurrency ecosystem.

WLD traded at $3.06 by press time, up 37% in the last 24 hours and 82% in a year.

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