Grayscale filing reveals 100 wallets hold 90% of Worldcoin
Grayscale’s new SEC filing for a Worldcoin ETF reveals that just 100 wallets hold approximately 90% of all circulating WLD — a concerning level of centralization for co-founder Sam Altman’s “coin for the world.”
These numbers contrast with the token’s whitepaper, which outlined a simple goal tied to eyeball-scanning orbs and token giveaways around the globe: “The majority of WLD tokens will be claimed by individuals simply for being verified unique humans.”
It would be bad enough if that were Worldcoin’s only decentralization failure.
Unfortunately, the filing also acknowledges the project’s dependence on a centralized sequencer, upgrade functionaries, bridge operators, and governance that rarely uses its own so-called governance token.
One of the aforementioned WLD wallets is 0x470458C91978D2d929704489Ad730DC3E3001113, the bridge between Ethereum and World Chain, and likely represents multiple users.
Grayscale discloses Worldcoin’s actual tokenomics
The admissions come not from critics but from Grayscale, a sponsor that wants to bundle up WLD tokens into a Nasdaq-listed ETF and sell shares to retail investors.
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