🚀Crypto exchange Bybit's trader DeFi2 warns of potential aggressive selling pressure on Worldcoin's WLD token. Despite its mission of universal basic income, the wealth transfer seems to favor the team and insiders.💰

🔹 Worldcoin's $60 billion fully diluted valuation (FDV) is experiencing a daily devaluation of 0.6% due to emissions from grant and operator claims.

🔹 Worldcoin plans to sell an extra $200 million worth of tokens to trading firms, adding 18% to the total circulating supply.

🔹 In 70 days, WLD token supply will inflate at a rate of 4% per day due to unlocks and emissions, creating nearly $50 million daily selling pressure.

Worldcoin's next major token unlock is set to start in July. The project aims to establish the world's largest human identity and financial network using iris scanning for identity verification. 🌐

Worldcoin also plans to introduce the Ethereum Layer 2 network, World Chain, to improve scalability and allow users to use both WLD and ETH for transaction fees.

What are your thoughts on Worldcoin's future? Let's discuss in the comments! 👇