TheBadPlaceyahoo news | World Foundation Sells $65M in WLD as Token Hits Record Lows
Sam Altman’s World Foundation announced that it has raised $65 million through an over‑the‑counter (OTC) sale of its Worldcoin (WLD) token. The sale was executed by the foundation’s token‑issuance arm, World Assets, which sold roughly 239 million WLD to four counterparties, at an average price of about $0.27 per token. Of the proceeds, $25 million worth of tokens are subject to a six‑month lock‑up, while the remaining amount was made immediately liquid, and the funds are earmarked for core operations, research and development, orb manufacturing, ecosystem development, and related activities.
The transaction comes as WLD has slid to a new all‑time low, briefly touching $0.24 before rebounding to $0.27, representing a roughly 97 percent decline from its March 2024 peak of $11.82. At the time of reporting the token was trading around $0.2725, up 0.28 percent in the previous 24 hours. Market pressure could intensify because a major community‑token unlock is slated for 23 July, covering about 52.5 percent of the token’s total 10 billion supply, according to DefiLlama. The current discounted sale also contrasts sharply with the May 2023 round, when World raised $135 million at roughly $1.13 per token from investors such as Andreessen Horowitz and Bain Capital Crypto.
Regulatory scrutiny continues to dog the project. In October 2022, Thai authorities raided an iris‑scanning site linked to World, alleging violations of digital‑asset licensing rules, which led to arrests and an ongoing investigation. Similar challenges have emerged in Indonesia, Germany, Kenya and Brazil, where regulators have raised concerns about licensing and the handling of sensitive biometric data. These legal hurdles add further uncertainty to World’s ambitious rollout and its already‑turbulent market performance.
Read more: https://cointelegraph.com/news/sam-altman-world-wld-sale-65m-token-lows
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