Sam Altman’s World Foundation has raised $65 million through an over-the-counter sale of its WLD token, which has recently hit record lows. The foundation’s token issuance arm, World Assets, sold approximately 239 million Worldcoin (WLD) tokens at an average price of $0.27 each, with a portion of the tokens subject to a six-month lockup. The proceeds will fund core operations, research and development, and ecosystem growth.
This fundraising effort comes as WLD struggles in the market, briefly dipping to an all-time low of $0.24 before recovering slightly. The token is down about 97% from its peak in March 2024, reflecting significant supply pressure, particularly with a major community token unlock scheduled for July 23, which will release 52.5% of the total supply. The recent sale also highlights a stark decline in valuation compared to previous funding rounds, where tokens were priced at $1.13.
Market professionals should monitor the upcoming token unlock and regulatory challenges in multiple countries, as these factors could further impact WLD’s price and overall market sentiment toward Worldcoin.
Source: cointelegraph.com