The cryptocurrency Worldcoin (WLD) has seen a dramatic price increase, surging 75% over the past five days, with a significant 38% increase in the last 24 hours. According to DeFi^2 (@DefiSquared), the number one ranked trader on Bybit and a top 10 wallet on DeBank, this price movement is not merely speculative but indicative of potential market manipulation, timed with upcoming insider unlocks. The Worldcoin Cash Grab In a post shared via X, the top trader DeFi^2 has brought to light concerning details about Worldcoin’s market activities ahead of its planned insider token unlocks. With only 2.7% of WLD’s total supply currently in circulation, the smallest percentage in the industry at unlock time, the concerns center around how the Worldcoin team has managed to maintain a staggering $30 billion fully diluted valuation (FDV). “Worldcoin is projected to commence insider unlocks in 7 days at one of the lowest floats ever recorded in the industry,” DeFi^2 wrote. “This research piece brings to light exactly how the team is controlling the price to still carry a $30 billion fully diluted valuation as insider unlocks be ..
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