WLD Slides To New Lows As World Foundation Offloads $65M

A massive token unlock scheduled for late July could make things worse. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold Thailand authorities raided an iris-scanning site tied to Sam Altman’s World project last October. That was trouble enough. Now the foundation behind the biometric identity platform is selling its own token at a fraction of what investors paid less than a year ago — and the market is not taking it well. World Foundation disclosed Saturday that its token issuance arm, World Assets, completed an over-the-counter sale of WLD tokens worth $65 million, spread across four buyers over the past week. The first batch settled on March 20. Based on an average sale price of roughly $0.27 per token, the deal involved around 239 million WLD changing hands. A 76% Drop From Last Year’s Deal Price The numbers tell the story. In May 2024, World raised $135 million at approximately $1.13 per token from backers including Andreessen Horowitz and Bain