World Foundation sell $65M WLD OTC for new low
World Foundation wey dey linked to Sam Altman talk say im World Assets arm don finish OTC sale of about $65M worth of Worldcoin (WLD) for the past week. Dem sell to four counterparties, and the first tranche settle for March 20. Execution price average na roughly $0.27 per WLD, wey mean say about 239M WLD transfer don happen. About $25M of WLD dey under six-month lockup, while the rest dey immediately liquid.
After the news, WLD small drop reach about $0.24 before e bounce back near $0.27. The token still heavy down—about 97% lower than im March 2024 peak near $11.82—and e dey around $0.2725 as dem report.
Traders need also watch for more supply risk. DeFiLlama flag one July 23 community token unlock wey cover about 52.5% of WLD’s 10B total supply. The OTC level also show heavy discount compared to the May fundraising price of about $1.13 per WLD, so e fit raise near-term sell-pressure expectations.
Overall, the WLD distribution for low prices plus the coming unlocks na clear short-term overhang fit press liquidity and increase volatility, even if WLD small bounce.
Bearish
WLD OTC big sell price na outside market na about $0.27, and e get structure wey be “lock + immediate circulation”: about $25 million go lock for six months, the rest fit sell immediately. This go make market expect more circulating supply short-term. At the same time, around 52.5% of WLD total supply fit unlock on July 23, meaning more windows for liquidity shocks and selling pressure dey front. Even if price small-time rebound after the news, for trading perspective, the mix of low-price distribution and later unlocks more likely go suppress rebound space and make volatility bigger, so overall outlook na bearish for WLD.