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.
(Advertisement)
Author
BSCNBSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.