The World Foundation, an entity related to OpenAI CEO Sam Altman’s Worldcoin project, has sold $65 million worth of its native WLD token, according to blockchain data analyzed by multiple crypto intelligence firms. The transaction occurred as the token’s price fell to new record lows, with further supply scheduled to enter the market.
The sale represents a discount of approximately 8-10% to the prevailing market price at the time, analysts said. Data shows the funds were transferred to several large crypto trading firms in a series of batches. The WLD token, which is central to the Worldcoin project’s vision of a global digital identity network tied to ‘proof of personhood,’ has declined over 70% from its all-time high set earlier this year.
“This is a significant liquidity event from a core project entity,” said a source familiar with the transaction who was not authorized to speak publicly. “The discount suggests a strategic move to secure capital ahead of further market volatility.” Market participants have been closely monitoring the token’s vesting schedule, which is set to release more supply to investors and project contributors in the coming months.
The Worldcoin project, co-founded by Altman, has garnered significant attention and controversy. Its goal of scanning irises to create unique digital identities has raised major privacy concerns among regulators in several countries. Despite the project’s ambitious aims, the token’s financial performance has been heavily influenced by broader crypto market trends and specific project-related announcements.
Analysts point to the upcoming token unlock as a key factor in the current market sentiment. “The combination of a large foundation sell-off and impending new supply creates a classic overhang scenario,” said one market analyst at a digital asset research firm. “Investors are pricing in significant dilution pressure.” The long-term implications hinge on the Worldcoin project’s ability to grow its user base and navigate regulatory hurdles, which will ultimately drive utility and demand for the WLD token.