⚈ Worldcoin was launched in the United States and increased 19.78% in last week.
⚈ The 10 upper portfolios still control 77.62% of the total WLD supply.
⚈ Critics, including Zachxbt, accused the project of manipulation and fraud.
The launch of the United States of Worldcoin (WLD) started with a lot of positive price action – but that does not necessarily make a purchase of Worldcoin.
The cryptocurrency of the digital identity associated with the World Sam Altman project aims to counter the ramifications of artificial intelligence (AI) by providing an excited way to check its online identity and launched in the United States on May 1.
WLD went from $ 1.03 to $ 1.16, before mounting a retirement at $ 1.08 per press time on May 1, bringing feedback on the daily graphic at 4.31%. In the past 7 days, Worldcoin joined 19.78%.
Despite a positive price action, the project remains controversial And Made of legal problemsThis could be used for a dull burst in the future.
Worldcoin world launch has spoiled in continuous concentration
In addition, the question of concentration remains a burning subject. In August 2023, only 10 portfolios represented 98% of the total WLD offer. Progress has been made on this front – but that does not mean that the state of things is satisfactory either.
By data recovered By Finbold of Market Intelligence Platform Coïncite On May 1, the 10 best holders of Worldcoin still control 77.62% of the total token offer. To start, none of the 10 largest portfolios belongs to exchanges, with the Binance portfolio, the largest of its kind, being the 15th largest address and representing only 0.58% of the supply.
In addition, renowned cryptocurrency investigator Zachxbt Previously raised concerns about how the project team manipulates the token and described it as a “biggest Bull Run scam” in July.
Star image via Shutterstock
