Worldcoin has denied recent allegations of insider trading and price manipulation concerning its WLD token.
Points
- Worldcoin denies claims of insider trading.
- Price surged after a delay in token unlock.
- Company emphasizes market transparency and ethical practices.
- Significant market confidence despite allegations.
Worldcoin has firmly denied allegations of insider trading and price manipulation. The decentralized finance （DeFi） insights account, DeFi Squared, claimed that Worldcoin engaged in price manipulation of its WLD token. The account suggested that someone from the Worldcoin team used insider information to buy the token before announcing a delay in the native token unlock schedule.
Worldcoin’s Firm Stance on Market Integrity
A spokesperson for Worldcoin emphasized that the organization takes any allegations of insider trading seriously. The spokesperson stated that the Worldcoin Foundation and Tools for Humanity are committed to maintaining strict market integrity and that no evidence supports the claims of insider trading or price manipulation. Furthermore, Worldcoin’s strict policies prohibit individuals from disclosing confidential information related to WLD purchasing decisions, thereby preventing insider trading activities. During the relevant periods, they were under an active blackout, preventing them from trading WLD tokens.
Impact of Unlock Delay on Token Prices
The allegations against Worldcoin surfaced following the company’s decision to delay unlocking 80% of its WLD supply by two years. On July 16, Tools for Humanity extended the unlock period for tokens held by team members and investors through a blog post. This delay led to a price surge, with WLD prices rising by 68% in two days, making it one of the top gainers at the time.
The Worldcoin representative stressed that the organization is committed to maintaining market transparency and avoiding any market manipulation. They assured stakeholders that Worldcoin remains committed to transparency and ethical practices. Despite the allegations, Worldcoin’s token has experienced significant price growth following the unlock delay announcement, reflecting strong market confidence.
解説
- Allegations: Claims made by DeFi Squared about Worldcoin’s insider trading.
- Response: Worldcoin’s denial and emphasis on market integrity.
- Market Reaction: WLD token’s price surged by 68% after the unlock delay.
- Policies: Worldcoin’s strict policies against insider trading.
- Future Outlook: Worldcoin’s commitment to transparency and ethical practices.