ZachXBT Questions WorldCoin's Low-Circulation, High-Valuation WLD Launch, Flags Insider Selling

Gate News message, April 28 — On-chain detective ZachXBT alleged that WorldCoin (now World), a company founded by Sam Altman, launched WLD tokens with low circulation and high valuation, mirroring the model used by SBF and FTX. According to ZachXBT, the company distributed small amounts of WLD to users in low-income countries in exchange for biometric data ostensibly used for identity verification. However, the technology has instead facilitated black market trading of verified accounts.

ZachXBT further claimed that token supply is expanding at an unsustainable rate while insiders regularly offload holdings through over-the-counter trades.