Date: Wednesday, July 17, 2024, 01:52 PM GMT
In the cryptocurrency market today, Worldcoin experienced a notable surge, climbing to $2.97, an increase of over 27%, following the yesterday’s announcement that the lockup period extended by two years. However, this announcement has brings a lot of criticism for Worldcoin today.
Cryptocurrency investigator ZachXBT took to the X platform (formerly known as Twitter) to voice his concerns. He alleged that insiders within the Worldcoin project were profiting from what he termed as a scam.
ZachXBT shared a chart highlighting how Worldcoin’s price began to rise even before the official announcement was made, suggesting possible insider trading.
Adding fuel to the fire, DeFi Squared revealed that someone from the Worldcoin team was allegedly involved in buying tokens ahead of the announcement. This has led to accusations of insider trading and market manipulation, casting a shadow over the recent price surge.
The cryptocurrency community is now closely watching Worldcoin, seeking transparency and accountability. As the investigation unfolds, the market will be keen to see how these allegations impact the project’s credibility and future.