Worldcoin (WLD) OTC Sale: 239M Tokens Sold for $65M Near Lows
Worldcoin (WLD) World Foundation don sell 239 million WLD tokens through private OTC deal to four institutional buyers wey dem nor mention for about $65 million. Average price na $0.2719 per WLD, dem report say na about ~97.7% discount compared to WLD all-time high $11.82 from March 2024, and settlement go start March 20, 2026.
About $25 million (around 38%) of the proceeds dey under six-month lockup, fit delay selling pressure until at least Q3 2026. The remaining ~$40 million (about 147 million WLD) no get any declared lockup, so buyers fit sell earlier.
Dem do the trade when WLD dey near cycle low (about $0.2440 floor in March 2026). That one mean the OTC price na only ~11.4% above the floor, show say demand no strong for higher levels. Supply overhang still big risk: circulating supply na ~3.1B out of 10B, and token unlock schedule go through July 2028.
World Foundation talk say the money go support core operations, Orb hardware/R&D, and ecosystem growth including World Chain Layer 2 network. Trading takeaway: WLD discount plus ongoing unlocks fit weigh on sentiment, while the lockup only give small near-term relief.
Bearish
Dis wan dey bearish for WLD because dem do big OTC sell for deep discount while more supply still dey release. Even though $25M dey locked for six months, most token (~$40M) no report sey dem lock, so dem fit distribute stock faster. With unlock schedules wey go till July 2028, market fit reasonably expect steady supply overhang and repeated repricing. The fact sey the deal price just small pass recent cycle floor also show say incremental demand weak at higher prices, dey increase chance of near-term volatility as liquidity and unlock expectations adjust.