- The World Foundation sold 239 million WLD tokens via an over-the-counter sale, raising $65 million to fund operations and R&D.
- WLD’s price fell to a new all-time low of around $0.24 following the sale, down approximately 97% from its peak last March.
- A major token unlock is scheduled for July, potentially bringing over half of the 10 billion WLD supply to market, according to DeFiLlama.
Sam Altman’s World Foundation has raised $65 million through a private token sale this week, a move that immediately drove its WLD token to record lows. The sale, executed by World Assets, involved four counterparties and settled at an average price of roughly $0.27 per token, according to a Saturday announcement on X.
The foundation stated “This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more.” However, only $25 million of the tokens are subject to a six-month lockup, with the remainder being immediately liquid. Consequently, WLD’s price briefly plunged to an all-time low near $0.24 after the news broke.
The token has since recovered slightly, trading at $0.2725, according to data from CoinMarketCap. This represents a staggering 97% decline from its peak price of near $11.82 in March 2024. Meanwhile, the sale was conducted at a steep discount compared to a $135 million funding round last May.
Additional supply pressure looms with a major community token unlock scheduled for July 23rd. The project continues to face significant global regulatory hurdles, including a raid on an iris-scanning site in Thailand last October. Authorities there alleged the service may have violated digital asset laws, adding to investigations in countries like Germany, Kenya, and Brazil.
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