Seasoned trader who goes by @DefiSquared on X shares his pessimism about WLD and its prospects
One of the most successful traders on Bybit and DeBank's top 10 wallet owner is concerned about a recent move by Worldcoin Foundation and doubts that Sam Altman and OpenAI have anything to do with the controversial eye-scanning protocol.While being"the greatest transfer of wealth of this entire cycle," AI project Worldcoin is a deceptive scheme designed to enrich team and insiders. Such aWorldcoin realistically might become the greatest transfer of wealth of this entire cycle.
This politics comes in conflict with the interests of retail holders and eye-scanning program participants as the majority of the released supply will be for sale immediately: Today, on May 14, 2024, Worldcoin's WLD dropped below the psychologically crucial level of $5 after a 15% overnight plunge. Most importantly, as soon as this July, when VC and team unlocks begin vesting, the WLD supply will begin inflating at 4% per day, DeFi Squared stresses.
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