The token unlock scheduled for late July could make matters worse.
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Thai authorities raided an iris scanning site linked to Sam Altman’s global project last October. That was enough trouble.
Now the organization behind the biometric identity platform is selling its own token for a fraction of what investors paid less than a year ago — and the market isn’t taking it well.
World Foundation It has been detected On Saturday, its cryptocurrency issuance arm, World Assets, completed a $65 million over-the-counter sale of WLD tokens, spread across four buyers over the past week.
The first payment was settled on March 20. Based on an average selling price of approximately $0.27 per token, the transaction involved approximately $239 million. WLD Change hands.
A 76% decrease from last year’s deal price
The numbers tell the story. In May 2024, World raised $135 million at approximately $1.13 per token from backers including Andreessen Horowitz and Bain Capital Crypto.
1/ World Assets, Ltd. closed. Now a series of OTC sales totaling $65,000,000 with four counterparties over the past week, the first of which settled on March 20, 2026.
– Global Foundation (@worldcoinfnd) March 28, 2026
This latest sale exited at $0.27, a 76% decline from that round. The proceeds will fund core operations, research and development, manufacturing of the orb and ecosystem work, the foundation said.
2/ The sale was made at an average price of ~$0.2719/day global. Tokens sold worth $25,000,000 are subject to a 6-month lockup period.
– Global Foundation (@worldcoinfnd) March 28, 2026
Not all tokens sold are closed. Of the total $65 million, only $25 million carries a six-month lock-in period. The rest was immediately available for trading, meaning buyers could transfer those tokens on the open market immediately.
3/ This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more.
– Global Foundation (@worldcoinfnd) March 28, 2026
WLD briefly touched an all-time low of $0.24 after the sale was announced before returning to around $0.27. At this price, the token is approximately 97% below its peak of $11.82 recorded in March 2024.
According to Coingecko data, WLD was trading at $0.2725 as of the last reading, up just 0.27% over 24 hours.
Another wave of supply is approaching
The pain may never end. Data From DefiLlama shows that the main community token open is set for July 23, covering about 52% of WLD’s total supply of 10 billion tokens. This type of release usually increases selling pressure – and arrives at a time when the token is already near its all-time low point.
Regulatory problems around the world also followed the project across borders. Authorities in Indonesia have suspended Universal ID card registration due to compliance concerns. Brazil banned eye scanning on the platform. Germany opened its own investigation. But Kenya responded strongly on data privacy grounds.
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Regulating heat maintains construction
The Thailand raid added another entry to that list. Officials there, working through the Securities and Exchange Commission alongside the Cybercrime Investigation Bureau, said the iris-scanning service may have been operating without the required license. Arrests were made and the investigation is still open.
Featured image from Pixabay, chart from TradingView
