CryptoWorldcoin reportedly sells 117 million WLD through OTC deals

Worldcoin reportedly sells 117 million WLD through OTC deals

-


Worldcoin, the digital identity and token distribution project co-founded by Sam Altman in 2019, appears to have offloaded 117 million WLD tokens worth about $39 million through over-the-counter sales, according to Lookonchain.

The tokens went to Binance and FalconX, an institutional prime brokerage that handles large-block trades for hedge funds and asset managers. On-chain data shows the project received approximately $35 million in USDC in return, which implies an effective sale price near $0.3 per token.

WLD was trading at approximately $0.32 at press time, a decline of roughly 97% from its all-time high of $11.7 recorded in March 2024, per CoinGecko.

The peak came during a period of strong investor enthusiasm for artificial intelligence narratives. Altman’s role at OpenAI also made WLD a popular proxy bet on AI adoption.

The July 2026 cliff unlock

Worldcoin is set for a major token unlock in July, when over 52% of the total WLD supply is projected to enter circulation at once, according to DeFiLlama. This is among the largest proportional token unlocks expected for any major crypto asset.

Meanwhile, Tools for Humanity team members, investors, and early contributors are still receiving tokens daily under the revised vesting schedule implemented in 2024, under which about 80% of their WLD tokens vest over five years and the remainder over three years, with emissions having been ongoing since July 24, 2024.

Network and identity enrollment

Worldcoin, which rebranded its broader ecosystem under the name “World” in 2024, has continued expanding its identity verification network. The project’s signature hardware device, the Orb, performs iris scans to generate cryptographic proofs of personhood without storing biometric data on-chain.

As of March 2026, over 38 million users had enrolled in the World ID system, with approximately 18 million of those having completed full Orb-based verification.

The project has struck partnerships with consumer platforms including Razer and Tinder, positioning its technology as a defense against bots in gaming, dating, and other online environments.

World and Coinbase recently introduced AgentKit beta to address the growing challenge of trust in the rapidly proliferating agentic internet, where AI agents increasingly handle tasks like bookings, shopping, and price comparisons.

The system aims to complement payment-based access controls by adding identity-level assurance, providing a privacy-preserving trust layer for the emerging agentic web.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Bitcoin DeFi project ALEX exploited again, aBTC and sBTC depeg

The issue concerns failed transactions on Stacks, a DeFi-focused layer two scaling solution for the Bitcoin network. Source link...

Walmart-owned Flipkart, Amazon are squeezing India’s quick commerce startups

India’s quick commerce market is booming, with demand more than doubling for some players. But the fast-delivery push...

Why Bitcoin Just Tanked and What Happens Next

Despite the failure, Pakistan's foreign Minister insisted that the two-week ceasefire must be upheld. US Vice President JD Vance...

Advertisement

Elon Musk has lost $150B since his feud with Trump

Musk’s personal net worth has crashed in recent days, and his burned relationship with Donald Trump is to...

Get a durable, travel-ready ASUS Chromebook for $150

The refurbished ASUS Chromebook CM30 switches easily from tablet and laptop mode with a detachable keyboard. The post Get...

Must read

You might also likeRELATED
Recommended to you