Sam Altman’s World Foundation confirmed that its subsidiary, World Assets, sold approximately 239 million $WLD tokens through over-the-counter (OTC) transactions with four counterparties, raising around $0.2719. The tokens were sold at an average price of $0.2719 each, with $25 million locked for six months to prevent immediate resale by the buyers.
The sale comes as Worldcoin’s token price has plummeted from $11.82 in March 2024 to around $0.27 today, marking a decline of nearly 97%. This sharp drop underscores the pressure on the project as it continues to fund its operations while facing upcoming unlocking events that could release more supply into the market.
Despite its high-profile backing from Sam Altman and major investors, Worldcoin faces criticism over its iris scanning technology, with regulators and privacy advocates questioning the ethics and risks associated with collecting biometric data for digital identity and financial access.