Worldcoin Faces Allegations of Price Manipulation Amid Token Unlock Delay

Worldcoin, an eyeball-scanning human identification project, is facing allegations of price manipulation and being a scam. This comes a day after delaying the unlocking of 80% of its native token. On July 16, Worldcoin’s developer, Tools for Humanity (TFH), announced changes to the unlock schedule for its native token, WLD. Originally, these tokens were to be unlocked over three years. However, the new schedule extends this period to over five years, starting on July 24, with tokens being progressively unlocked until July 2028. This change aims to prevent a significant increase in token supply that could lower the price. Following

Source: CryptoIntelligence