Crypto market observers are grappling with conflicting data regarding the circulating supply of Worldcoin’s (WLD) token, raising concerns about data accuracy.
In a recent post on X, Nansen CEO Alex Svanevik highlighted a significant variance between Worldcoin’s reported circulating supply of the WLD token and the data provided by Optimism, where tokens were migrated from Ethereum in 2023. Svanevik’s comparison of data from crypto aggregator CoinGecko and the Optimism bridge protocol revealed a discrepancy of nearly 10 million WLD tokens in the circulating supply.
CryptoQuant CEO Ki Young Ju also noted discrepancies, indicating that CoinMarketCap, another crypto market aggregator, presents a different view compared to on-chain data. Ju suggested that centralized aggregators’ token circulating information appears to be self-reported by the Worldcoin team, labeling it as “obviously wrong.”
Responding to these concerns, Remco Bloemen, Worldcoin’s head of blockchain, explained that the disparity may arise from over 50 million treasury tokens held on Optimism, clarifying that “these [tokens] are bridged but not circulating.”
As of the latest update, Worldcoin has not issued any public statements addressing the difference between the self-reported figures and those displayed on-chain. Crypto.news reached out to Worldcoin for comment, but no response had been received at the time of publication.
