Overview
- On-chain investigator ZachXBT published new allegations that Worldcoin used a low-float WLD token model that he called predatory, tying it to the project’s push to collect biometric data.
- Screenshots he shared appeared to show verified Worldcoin accounts offered on escrow sites for as little as $0.50, raising concerns that a resale market could undermine privacy and security claims.
- An image cited by ZachXBT alleged the World Foundation sold 85.45 million WLD for $25 million through trading firm FalconX at an average price of $0.293, a claim that remains unverified.
- WLD fell more than 2% to trade near $0.25 after the claims circulated, while CoinGlass reported futures open interest rose over 7% to $177.51 million and short-term interest on top exchanges declined.
- Attention to the project grew as Elon Musk attacked Sam Altman on X and pursued his OpenAI lawsuit, reviving scrutiny of Worldcoin’s iris-scanning Orbs model and earlier criticism reported by MIT Technology Review.