Sam Altman’s World Foundation just offloaded nearly 239 million WLD tokens at fire-sale prices averaging a mere $0.27 each, through quiet OTC deals with four undisclosed buyers. While the move raised about $65 million, a chunk of it ($25 million worth) is locked for six months, a clear attempt to stop buyers from immediately dumping the tokens. The foundation insists the cash will fund “operations, R&D, Orb manufacturing, and ecosystem growth,” but critics see it as a desperate lifeline.
The timing couldn’t be worse: WLD is hovering at its all-time low of $0.27, a staggering 97% collapse from its March 2024 peak of $11.74. To many, this looks less like strategic fundraising and more like a last-ditch effort to prop up a sinking project that’s bleeding credibility and investor confidence. .
