Bybit trader: Worldcoin may experience hyperinflation! WLD may see months of selling after unlocking in July

The cryptocurrency project Worldcoin (Worldcoin), which is backed by OpenAI CEO Sam Altman, held steady after its price reached a record high of $11.972 on March 10. The downward trend has not improved much despite the official announcement in April that it would launch a Layer 2 network that combines finance and identity verification.

Whale Trader: The World Coin may be in a sell-off trend for several months

Many global users who have scanned their iris and regularly receive WLD airdrops are still looking forward to the follow-up performance of the World Coin bull market, but Today (14th), a whale trader poured cold water on it.

@DefiSquared, the number one trader in Bybit, wrote an article in (UBI), "but went into the pockets of the team and insiders", and criticized Worldcoin as a deceptive project that actually "has no real connection with OpenAI".

He pointed out that as the amount of WLD unlocked continues to increase, hyperinflation will soon occur and a sell-off will break out in the next few months.

Worldcoin may have hyperinflation

In response, he compiled several data that will lead to hyperinflation and analyzed:

1. The current WLD is completely diluted and estimated Value (FDV) is $60 billion, with its value depreciating by 0.6% daily as grants are issued and operators claim them (most of which are sold almost immediately according to on-chain analysis).

2. The Worldcoin Foundation just announced that they will sell $200 million worth of tokens to market makers at a discount; equivalent to selling an additional 18% of the total circulating supply to counterparties, and this The 200 million tokens are allocated from the “community”.

3. The most important thing is that there are only 70 days left before VC and team unlocking begin, and the WLD supply will begin to expand at a rate of 4% per day (unlocked amount + emissions). For insiders hoping to cash out on $60 billion in FDV, they face nearly $50 million in non-stop selling pressure every day.

WLD will begin to be unlocked in late July, and WLD daily emissions will increase at an inflation rate of 4%

Be careful with low circulation/high FDV designs Token Economics

@DefiSquared final warning, tokens like WLD are designed from the beginning to have predatory token economics that favor teams and early investors, manipulative low circulation /The high FDV design is straight out of the SBF playbook, when insiders hedge their locked allocations at high valuations through perpetual contracts/OTC, they get directly rich; but sadly, retail investors still think they are beating the system and trying to Push up prices.

"Sadly, this is not a new play in the industry, which helps ensure insiders exit liquidity at eye-watering valuations."

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