Jakarta, Pintu News – World Foundation, the organization supporting the Worldcoin (WLD) digital identity project, has completed a $65 million over-the-counter (OTC) token sale.
According to a statement dated March 28, World Assets Ltd, a subsidiary of the foundation, executed block transactions with four private parties over the past week. These transactions, with initial settlements beginning on March 20, were conducted at an average price of $0.2719 per token.
The foundation stated that the proceeds from the asset conversion will be allocated to key operational needs. These include intensive research and development, ecosystem expansion, and continued production of their proprietary iris scanner device known as “Orb.”
Read also: Pi Network announces new upgrade deadline, users question stalled KYC
To reduce the immediate pressure on the secondary market, $25 million worth of WLD tokens from the total sale were subject to a six-month lock-up period. As such, the tokens may not hit the market until the end of September.
However, blockchain analytics data shows that this large-scale fundraising is not an isolated event.
Data monitored by Lookonchain shows a consistent pattern of structural divestment by World-affiliated entities over the past two years. During this period, the project systematically offloaded WLD tokens through a number of major market makers, including Flow Traders and Wintermute, creating supply pressure that continues to cast a shadow over the market.
This ongoing supply expansion comes at a sensitive time for the asset. The latest OTC sale coincided with WLD’s price plummeting to an all-time low, before eventually recording a limited recovery to its current price range of around $0.27.
Read also: Bitcoin Price Plummets to $66,000 Today: BTC Still Held Below Major Resistance!
Despite a mild rebound, the token is still far from depressed. Currently, WLD is trading more than 97% below its price peak of $11.72 that was reached in March 2024.
The market pressures facing this project are also compounded by an increasingly challenging regulatory environment.
Worldcoin’s main narrative focuses on providing a “proof of humanness” network to counter the rise of sophisticated AI bots online. However, this positioning does not seem to have assuaged the concerns of regulators. As a result, authorities in various countries continue to highlight the issue of large-scale collection and storage of biometric data.
As such, the project still faces serious legal challenges and ongoing privacy investigations in a number of international jurisdictions.
Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price via Pintu Market.
As a safe crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today’ s gold jewelry price and today’s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.
Download the Pintu crypto app via Play Store or App Store now. Enjoy the web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
© 2026 PT Pintu Kemana Saja. All Rights Reserved.
The trading of crypto assets is carried out by PT Pintu Kemana Saja, a licensed and regulated Digital Financial Asset Trader supervised by the Financial Services Authority (OJK), and a member of PT Central Finansial X (CFX) and PT Kliring Komoditi Indonesia (KKI). Crypto asset trading is a high-risk activity. PT Pintu Kemana Saja do not provide any investment and/or crypto asset product recommendations. Users are responsible for thoroughly understanding all aspects related to crypto asset trading (including associated risks) and the use of the application. All decisions related to crypto asset and/or crypto asset futures contract trading are made independently by the user.