Grayscale SEC documents show that Worldcoin tokens are highly centralized and there is a risk of centralization in governance

According to Protos, the SEC filing submitted by Grayscale shows that approximately 90% of the circulating WLD tokens are held by 100 wallets, and the sorter of World Chain is operated in a centralized manner. The upgrade function is controlled by a small number of participants from World Foundation, Tools for Humanity, and Optimism, and governance is mainly guided by World Foundation.