The World Foundation, the entity overseeing the Worldcoin project co-founded by Sam Altman, has sold $65 million worth of its native WLD token in a series of over-the-counter (OTC) transactions. The sale, confirmed by the foundation, was executed with four institutional counterparties over the past week and comes as the token’s price fell to new all-time lows, a development closely watched by digital asset markets.
According to the announcement, the foundation's subsidiary, World Assets, sold approximately 239 million WLD tokens at an average price of around $0.27. The first tranche of the sale reportedly settled on March 20. OTC sales are typically structured to minimize direct impact on exchange-listed prices, but the sheer size of the sale by the project's core entity during a period of price weakness has raised questions among investors regarding treasury management and potential future selling pressure.
The disposition represents a significant liquidity event for the foundation. This move occurs within a broader market context where investors are increasingly scrutinizing the underlying tokenomics and financial health of digital asset projects. The capital was raised as WLD's market valuation has been under significant strain.
Market participants are now focused on whether the new price lows will form a support level for the token. The strategic purpose of the funds raised and the trading activity of the institutional buyers who acquired the large token block will be critical factors influencing WLD's trajectory in the near term.
ISN MEDIA
