Sam Altman’s World sells 239 million WLD through OTC deals with partial lockup

World Foundation, the entity behind the Worldcoin protocol, announced that its subsidiary, World Assets, Ltd., completed over-the-counter (OTC) sales totaling $65 million in WLD tokens to four counterparties over the past week. This transaction involved approximately 239 million WLD tokens based on the average disclosed price. A portion of the sale, $25 million worth of tokens, is subject to a six-month lockup period to restrict immediate selling pressure. The funds raised are designated to support core operations, research and development, manufacturing of the Orb biometric scanning devices, and overall ecosystem expansion. This disclosure follows previous reports of World offloading WLD tokens. WLD's price at press time was around $0.27, significantly down from its peak of $11.7 in March 2024. The Worldcoin ecosystem, co-founded by Sam Altman, utilizes biometric verification for a proof-of-personhood system, featuring World ID, the WLD token, the World App, and the World Chain L2 network.

(Source：Crypto Briefing)