JUST IN5d ago
World Foundation Sells $65 Million In Wld Tokens Through Otc Deals As Token Hits All-Time Low
Sam Altman's World Foundation disclosed that its subsidiary World Assets sold roughly 239 million WLD tokens at an average price of $0.2719 per token through OTC transactions with four counterparties over the past week.
Of the $65 million raised, $25 million worth of tokens are locked for six months to prevent immediate selling by buyers.
Proceeds are earmarked for core operations, R&D, Orb manufacturing, and ecosystem expansion.
WLD is currently trading near its all-time low of $0.27, down over 97% from its March 2024 peak of $11.74.
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