In a significant move, Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which is currently experiencing record low prices. The foundation announced this development via a post on X, indicating that its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March 20.
The transactions were priced at an average of approximately $0.27 per token, implying that around 239 million Worldcoin (WLD) tokens changed hands. The World Foundation noted that the funds raised will support the project’s core operations, including research and development, orb manufacturing, and ecosystem development.
Token Performance and Market Dynamics
Following the announcement of the sale, WLD briefly dropped to an all-time low of about $0.24 before recovering slightly to $0.27. This marks a staggering decline of approximately 97% from its peak near $11.82 in March 2024. As of the latest data from CoinMarketCap, WLD is trading at $0.2725, reflecting a modest increase of 0.28% over the past day.
Future Supply Concerns
The recent sale may not be the last of its kind, as additional supply pressure could arise from a significant community token unlock scheduled for July 23, which will release roughly 52.5% of the total 10 billion WLD supply, according to DefiLlama. This potential influx of tokens into the market raises questions about the sustainability of WLD’s price recovery.
Regulatory Challenges and Scrutiny
World Foundation’s operations have not been without controversy. In October of last year, Thai authorities conducted a raid on an iris-scanning site linked to World, citing potential violations of digital asset laws due to operating without a license. This incident is part of a broader pattern of regulatory scrutiny faced by the project since its launch in 2023, with investigations reported in multiple countries, including Indonesia, Germany, Kenya, and Brazil. These inquiries have raised concerns regarding licensing and the management of sensitive biometric data.
As World Foundation navigates these challenges, the implications for its market strategy and regulatory compliance remain critical to its future viability.
This article was produced by NeonPulse.today using human and AI-assisted editorial processes, based on publicly available information. Content may be edited for clarity and style.
