The CEO of Nansen, Alex Svanevik, noted in a post on X on March 20 that there was a notable discrepancy between the data on Optimism, where tokens were transferred from Ethereum in 2023, and Worldcoin's stated circulating supply of the WLD token. By comparing information from the Optimism bridge protocol and cryptocurrency aggregator CoinGecko, Svanevik was able to identify a difference in the circulating supply of around 10 million WLD tokens.
 

In addition, Ki Young Ju, CEO of CryptoQuant, noted that CoinMarketCap, another cryptocurrency market aggregator, offers an alternative perspective to on-chain data. Ju said that the Worldcoin team appears to have self-reported the token information that is circulating on centralized aggregators, calling it "obviously wrong."
 

Remco Bloemen, the CEO of blockchain at Worldcoin, responded by speculating that the discrepancy in figures might be caused by the fact that more than 50 million Treasury tokens are stored on Optimism and emphasizing that "these [tokens] are bridged but not circulating."

Worldcoin has not yet made any public comments regarding the discrepancy between the self-reported and on-chain data as of the time of publication. When this story went live, Crypto.news had contacted Worldcoin for comment, but had not heard back.