The Worldcoin Cash Grab Part 2: Price Control, Misdirection & Unexpected Victims

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The Worldcoin Cash Grab Part 2: Price Control, Misdirection & Unexpected Victims

AI summary of the linked article

The author's central claim is that Worldcoin's team controls WLD's price while publicly denying it, and that the token's roughly $30 billion fully diluted valuation depends on a very low circulating float heading into insider unlocks. The article says the float is about 2.7% of supply, with unlocks due in 7 days. It cites Worldcoin's December 16 decision not to renew a market maker contract and remove a call option, after which the price reportedly rose 100% within hours. It also says nearly 25% of circulating WLD is held on Bithumb, largely by Korean retail investors, and the author states an intention to short WLD after unlocks begin.

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