World Foundation token-issuing subsidiary World Asset recently sold WLD tokens worth $65 million, The Block reported on March 28.
The transaction was conducted over the counter and was completed last week after discussions with 4 counterparties. The first deal was completed on March 20. A total of 239 million WLD was sold at an average price of $0.2719 per token. The funds raised will be used for core operations, research and development, Orb manufacturing and ecosystem development.
Onchain analytics firm Lookonchain disclosed on March 21 that World Foundation transferred 117 million WLD, worth about $39 million, to Binance and FalconX, suggesting that some of the sold tokens have already entered the market. World Foundation announced plans to sell WLD tokens starting in April last year. The sale price is sharply lower than the price at the time.
WLD was at $0.27 and hit a record low of $0.2444. That is down 97 percent from its peak of $11.82.
Chi-gyu Hwang
delight@d-today.co.kr