World Foundation sells $65 million of WLD via OTC trades as token hovers near record low

Sam Altman's World Foundation said its subsidiary, World Assets, sold about 239 million WLD tokens over the past week through over-the-counter transactions with four counterparties. The tokens were sold at an average price of $0.2719 each, raising roughly $65 million. The foundation added that $25 million of the sold tokens are subject to a six-month lockup to limit immediate resale by buyers. The proceeds will be used to fund core operations, research and development, Orb manufacturing, and ecosystem expansion. WLD is trading around $0.27, near its all-time low, and is down more than 97% from its March 2024 high of $11.74.