Worldcoin Dump After Foundation Sells $65 Million via OTC

The Worldcoin (WLD) project led by Sam Altman hit an all-time low (all-time low) after the World Foundation made a massive sell-off. Over the past week, the foundation sold WLD assets worth $65 million to four institutional investors through the entity "World Assets." The sale conducted through an Over-the-Counter (OTC) agreement triggered market panic, causing the price to plummet to $0.24.
The foundation stated that the proceeds from the sale will be allocated for operational costs, research and development (R&D), and the production of the iris scanner device "Orb." Although about $25 million of the tokens sold are still locked (lock-up) for six months, the remaining assets are liquid and can enter the market immediately. Currently, the WLD price has dropped sharply by approximately 97% from its peak of $11.82 recorded in March last year.
Pressure on the WLD price is expected to continue for several months. According to data from DefiLlama, a massive token unlock event of 52.5% of the total supply is scheduled for July 23, 2026. The combination of institutional selling via OTC and the threat of a flood of supply in July worsens the project's fundamentals in the long term, with the risk of prices remaining under the radar of global investors.