Worldcoin Foundation Sells $65M WLD Tokens

The World Foundation, a subsidiary of Worldcoin, has offloaded $65 million worth of WLD tokens through over-the-counter (OTC) transactions. This move comes as the WLD token experienced a significant downturn, reaching an all-time low of approximately $0.24. Despite the token's sharp decline from its March peak of nearly $11.82, the news of the sale reportedly contributed to a subsequent rebound in its price. The foundation's actions highlight the volatility within the cryptocurrency market and the impact of large token sales on asset values.