Sam Altman's Worldcoin project did not admit charges of disclosing insider information to large investors of the WLD token and stressed "intolerance" to such activities. Representatives of the company told Cointelegraph about this.
On July 17, online sleuth ZachXBT called WLD "the largest fraudulent bull run token", referring to a report by another researcher under the nickname DefiSquared.
According to the analyst, the volume of available supply remains at the level of 2.7% — 276 million WLD with a total value of 10 billion. This indicator has raised concerns about asset inflation.
Insider trading was indicated by a suspicious movement in the price of the coin before each important announcement, experts stressed. As confirmation of the latter hypothesis, analysts cited the token's reaction to information about the extension of the blocking period for investors, developers of Tools for Humanity and early project participants from three to five years.
According to the Worldcoin speaker, the company takes these accusations seriously and will not allow such actions.
"The Worldcoin Foundation and Tools for Humanity take any allegations of insider trading seriously, even if they are unfounded and not supported by evidence, and categorically oppose such activities," the company said.
The representatives of the project added that they were unable to detect the facts of disclosure of classified information and price manipulation. Worldcoin adheres to a strict market integrity policy, the statement said.
Those involved in the company "are prohibited at any time from disclosing confidential information related to decisions on the purchase of WLD," the startup team stressed.
At the time of writing, WLD is trading at $2.33, having dropped by 21.5% in the last 30 days.
The 30-minute WLD/USDT chart of the Binance exchange. Data: TradingView.Recall that in July, the Tools for Humanity company behind Worldcoin hired four high-ranking ex-employees of Apple, Google, Meta, Tesla and X.
The Worldcoin Foundation team has also launched a preliminary version of the World Chain L2 solution for developers.
https://forklog.com/cryptorium/chto-takoe-worldcoin-i-kak-poluchit-tokeny-wld