The World Foundation, the company behind Worldcoin, announced that it has completed $65 million in $WLD token sales via OTC over the past week, conducted with four counterparties at an average price of about $0.2719. A portion of the sales, $25 million, is subject to a 6-month lock-up period, indicating that those tokens will not be released to the market in the short term and supply pressure may remain limited.
The proceeds will be used for operational expenses, research and development activities, orb device production, and ecosystem growth. Investments in orb production, which underpins the biometric authentication infrastructure, are considered critical to the project’s global scaling goals. Meanwhile, the price of $WLD was around $0.27 during the news period, up about 1.8% in the last 24 hours, though it has fallen by roughly 13% over the past week.
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