Worldcoin's WLD token has seen a surge in trading activity, which some have accused market makers of manipulating. The token's value rose to $3.30 before dropping to $1.91 and then rising again to $2.22. Critics have raised concerns about the project's ability to protect user biometric data and its overall goals. The initial token distribution has also been criticized, with 100 million tokens given to market makers compared to just 43 million to retail users.

There are indications that investors with vesting schedules are attempting to sell their tokens, with an over-the-counter desk offering 5 million tokens at $1 each with a 12-month lock-up period and a 24-month vesting period. Worldcoin claims to have 2 million users, but only 8 million of the 44 million tokens available to retail users have been claimed thus far.