- ZachXBT Blasts Worldcoin — The renowned on-chain detective accused Sam Altman’s Worldcoin of using predatory low-float token tactics similar to FTX, preying on low-income users for biometric data while insiders quietly cash out via OTC trades.
- WLD Trading Near ATL — Worldcoin token is currently at $0.2505, just above its all-time low of $0.2398, down 98% from its ATH with a market cap of ~$827 million.
- Rapid token inflation, massive insider selling, and a thriving black market for verified Worldcoin accounts have raised serious concerns about the project’s integrity and long-term viability.
Worldcoin (WLD), the biometric identity project founded by OpenAI CEO Sam Altman, is trading at critically low levels. According to the latest market data, WLD is currently priced at $0.2505, just above its all-time low (ATL) of $0.2398. The token has plummeted -98% from its all-time high (ATH), with a market capitalization of approximately $827,308,103.
This sharp decline comes in spotlight as prominent on-chain investigator ZachXBT publicly blasted the project in a reply to Elon Musk, drawing direct parallels to the controversial practices of FTX and Sam Bankman-Fried (SBF).
ZachXBT’s Explosive Critique on Worldcoin (WLD)
On April 28, 2026, ZachXBT responded to Musk’s post labeling Altman as “Scam Altman” with a detailed takedown of Worldcoin:
“No one seems to mention Scam Altman’s other company WorldCoin aka World which launched with a predatory low float crypto token $WLD that was on par with SBF / FTX companies. They have preyed on people from low income countries for biometric data by giving away small amounts of $WLD tokens. The tech was intended a way to prove you’re a human except it has resulted in a black market for verified accounts. The token supply inflates at unsustainable levels while insiders regularly OTC holdings.”
ZachXBT accompanied the post with supporting visuals:
- A MIT Technology Review article highlighting how Worldcoin recruited its early users through “deception, exploited workers, and cash handouts,” building a massive biometric database from low-income populations.
- Screenshots of a black market for Worldcoin-verified accounts, with sellers offering them for as low as $0.50 each on escrow platforms.
- On-chain evidence of the World Foundation offloading tens of millions of WLD tokens via OTC trades (e.g., $25M through FalconX and large deposits to Binance).
These allegations echo long-standing criticisms of Worldcoin’s model: offering small WLD grants (often equivalent to a few dollars) in developing countries in exchange for iris scans via its “Orb” devices. While marketed as a solution for “proof of personhood” in the AI era, the approach has reportedly fueled identity farming and a thriving secondary market for verified accounts on Telegram and elsewhere.
Tokenomics Under Fire: Low Circulation, Rapid Inflation, Insider Exits
ZachXBT Blasts Worldcoin: “Predatory Low-Float Token” Just Like FTX as WLD Crashes 98% to ATL
Critics, including ZachXBT, have repeatedly pointed to Worldcoin’s extremely low circulating supply at launch (around 1-2.7% of total supply) paired with a high fully diluted valuation (FDV). This structure allegedly allowed for artificial price support while insiders and early backers (including ties to FTX and other VCs) prepared for unlocks.
Key red flags highlighted:
- Unsustainable inflation: Ongoing token emissions to users and the foundation.
- Insider OTC selling: Large wallet movements and over-the-counter trades by the World Foundation, reducing selling pressure on open markets while quietly distributing holdings.
- Black market for identities: The very system designed to verify humanity has been gamed, with accounts traded openly.
These issues mirror tactics ZachXBT and others associated with FTX-era projects, where low-float launches created hype followed by dilution and exits.
Market Reality: 98% Drawdown and Lingering Concerns
WLD’s price action tells a stark story. After briefly surging post-launch in 2023, the token has been in a prolonged downtrend, now hovering near its ATL amid broader market conditions and project-specific controversies. Recent on-chain data shared in ZachXBT’s thread shows continued large-scale selling by foundation-linked wallets, further pressuring the price.
Worldcoin maintains its mission of building a global human identity network to counter AI-generated fakes, and it has expanded with the World App and World Chain. However, the combination of biometric privacy concerns, token dilution, and insider activity continues to draw skepticism from the crypto community.
As ZachXBT’s post gains traction, it reignites debate around Worldcoin’s fundamentals. With the token trading at just $0.25 and down nearly 98% from peaks near $11.74, many are watching to see if the project can deliver on its ambitious vision—or if the criticisms prove insurmountable.
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