Worldcoin

Coin

<p>Worldcoin’s token is again among the top crypto gainers list. Late last night, the WLD price pumped over 10% from $1.39 to the $1.6 range before cooling off and retracing to the current levels of $1.5.</p> 
<p>While this double-digit pump is encouraging for Worldcoin holders, we urge caution due to the<a href="https://captainaltcoin.com/holders-of-these-tokens-be-careful-massive-unlocks-coming-for-jito-jto-celestia-tia-ondo-and-others/" target="_blank"> circulating supply concerns.</a></p> 
<h2 class="wp-block-heading" id="alarming-tokenomics">Alarming Tokenomics</h2> 
<p>Analyst Marius raised red flags <a href="https://token.unlocks.app/worldcoin-wld" target="_blank" rel="nofollow">about Worldcoin’s tokenomics</a> on X (Twitter):</p> 
<p>“$WLD has the worst tokenomics right now and is programmed to slow rug,” he warned. Marius highlighted the alarming daily and monthly token unlocks, stating, “$WLD currently has a daily unlock of 3.4 Million tokens ($4.75 million) and monthly unlock of 102 million tokens ($140 million).”</p> 
<p>Breaking down these numbers, Worldcoin investors receive 1.3 million WLD daily, while the Worldcoin team gets 1.8 million tokens daily. This creates a sell pressure of $140 million monthly, which is particularly concerning given that WLD’s circulating market cap is only $600 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$WLD</a> has the worst tokenomics right now and is programmed to slow rug <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa78.png" alt="🩸" class="wp-smiley" style="height: 1em; max-height: 1em;">.<a href="https://twitter.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$WLD</a> currently has a daily unlock of 3.4 Million tokens ($4.75 million) and monthly unlock of 102 million tokens ($140 million). <br>Worldcoin investors receive 1.3 million WLD daily and worldcoin team… <a href="https://t.co/s8vol3fk7c" target="_blank" rel="nofollow">pic.twitter.com/s8vol3fk7c</a></p>— Marius.capital (@AltbriMarius) <a href="https://twitter.com/AltbriMarius/status/1834000864161476992?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="short-term-pumps-vs-long-term-outlook">Short-Term Pumps vs Long-Term Outlook</h2> 
<p>Marius predicts that short-term pump and dumps should be expected more frequently on $WLD. These price spikes could be attempts to attract buyers for exit liquidity. However, the long-term price forecast looks grim, with Marius suggesting “$WLD to $0.1 is programmed.”</p> 
<p>Given these tokenomics, holding WLD for long-term gains during this bull run appears risky. The constant influx of new tokens into the market creates persistent downward pressure on the price, making it challenging for WLD to sustain any significant price increases.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><strong><a href="https://doge2014.io" target="_blank" rel="nofollow">Doge2014</a></strong> raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>These massive token unlocks raise questions about the project’s long-term viability and commitment to its investors. Short-term traders might find opportunities in the pprice pumps like his. However, the fundamentals suggest that Worldcoin could face challenges in maintaining its value over time.</p> 
<p><em><strong>Read also: <a href="https://captainaltcoin.com/near-protocol-eyes-breakout-can-near-bulls-sustain-momentum/" target="_blank">Near Protocol Eyes Breakout: Can NEAR Bulls Sustain Momentum?</a></strong></em></p> 
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="nofollow">FREE Telegram group.</a></strong></em></p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank">Take 2 mins to learn more</a></strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/worldcoin-wld-price-pumps-but-heres-why-you-shouldnt-buy-this-slow-rug-coin/">Worldcoin (WLD) Price Pumps, But Here’s Why You Shouldn’t Buy This ‘Slow Rug’ Coin</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Worldcoin (WLD) Price Pumps, But Here’s Why You Shouldn’t Buy This ‘Slow Rug’ Coin

Table of Contents

CaptainAltcoin

Other articles published on Sep 13, 2024

A Surprising Positive Move from the U.S. Government for Binance!

Sam Altman’s Worldcoin Draws Global Attention Over Privacy Issue

Searching for a Telegram Trading Bot? Maestro Might Be the Perfect Solution

Trader Who Made Millions on Dogecoin Reveals 4 Altcoins to Build a $10M Portfolio – Memecoins Top...

Tether Faces Transparency Issues with its US Dollar Reserves: Report

I'm Currently Farming BLUM With 300 Accounts Using Just My Phone

Join our free newsletter for daily crypto updates!