Worldcoin (WLD) has registered a notable surge of 55% over the past five days, outperforming the growth of Bitcoin (BTC) and Ethereum (ETH) which saw increases of 8.97% and 7.67% respectively during the same period. This surge in WLD's price has been accompanied by a significant uptick in trading volume compared to its usual levels.

Tools for Humanity (TFH), a significant contributor to Worldcoin, has recently announced a delay in the unlock schedule for 80% of WLD tokens allocated to investors and team members. Initially planned for unlocking between July 24, 2024, and July 2026, the new schedule extends the unlocking period daily over four years, concluding by July 2028.

The Fully Diluted Valuation (FDV) of Worldcoin has once again raised eyebrows in the market, with critics questioning the exorbitant valuation and raising concerns about potential insider trading coinciding with the extended token unlock. Despite the positive market response to Worldcoin's announcement, industry observers had anticipated such developments.

DefiSquared foresaw these events back in May 2024, predicting that Worldcoin's activities could lead to a substantial transfer of wealth within the crypto industry, benefiting insiders rather than fulfilling the project's mission of universal basic income. The controversy surrounding Worldcoin's FDV is further compounded by emissions from orb operators, contributing to a downward pressure on WLD's value.

The Worldcoin Foundation has revealed plans to sell an additional $200 million worth of tokens to trading firms, representing 19% of the total circulating supply. These sales will be conducted through private placements at prices reflecting current market conditions for WLD.

In previous months, the Foundation terminated a market maker contract to maintain high FDV and artificially inflate prices. This strategic move enables insiders to profit from locked allocations through mechanisms like perpetual contracts and over-the-counter trades prior to scheduled unlocks.

Moreover, it is important to note that Sam Altman is presently not actively involved with Worldcoin, and the project operates independently from OpenAI.

The recent announcement regarding the token unlock schedule, although intended to alleviate selling pressure, has inadvertently spurred retail investor interest, leading to a rise in prices and offering insiders greater liquidity for potential exits in the near future. There are suspicions of insider trading within the team, with concerns raised about individuals potentially using privileged information to gain an unfair advantage in trading activities.

As retail investors seek more clarity on these developments, critical questions remain unanswered regarding the foundation of this price surge within the Worldcoin ecosystem.