ZachXBT questions WorldCoin: Low circulation, high valuation, WLD issuance, insider off-exchange selling.

CoinFeed reported on April 28th that blockchain detective ZachXBT published an article on the X platform stating that Sam Altman's other company, WorldCoin (now World), launched its WLD token with low circulation and high valuation, similar to companies like SBF and FTX. ZachXBT claims that the company distributed small amounts of WLD tokens to people in low-income countries in exchange for biometric data, and the technology originally intended to verify user identity instead led to black market trading of verified accounts. He also pointed out that the token supply was inflating at an unsustainable rate, while insiders were regularly selling off their holdings through over-the-counter trading.