Worldcoin Casually Dumps $65M in WLD Via OTC, Assures Degens Supply Pressure "Absolutely Nothing to Worry About"

The World Foundation—the crew behind Worldcoin—has confirmed unloading $65 million worth of $WLD tokens through over-the-counter deals over the past seven days. Four counterparties generously accepted the bags at an average price hovering around $0.2719 per token. How generous of them.

A chunky $25 million slice of this fire sale comes equipped with a 6-month lock-up period, which means those particular tokens will be chilling in a vault somewhere, far away from your friendly neighborhood chart. The Foundation insists this little arrangement should keep short-term supply pressure in check. We're sure that's reassuring to anyone currently staring at their TradingView app wondering why the price looks like a gradually inclining wheelchair ramp. (That sound you hear is probably just the collective sigh of retail.)

The freshly acquired capital will apparently fund operational expenses, research and development, orb device manufacturing, and ecosystem expansion. Investment in orb production—yes, those weird silver spheres that scan your eyeballs—is being framed as essential to world domination, sorry, global scaling ambitions. Your iris data has never been more valuable to someone's Series A pitch deck.

At press time, $WLD was lounging around $0.27, up a humble 1.8% in the last 24 hours. The weekly performance, however, tells a different story—a crisp 13% haircut. So, you know, vibes are mixed.

*This is not financial advice. If it were, we'd probably be sipping drinks on a beach instead of writing about token sales at 2 AM.