Connect with us
DAPA Banner

Crypto World

Sam Altman’s World Foundation Sells $65 Million in Worldcoin

Published

on

The World Foundation, the organization supporting the digital identity project Worldcoin (WLD), has completed a $65 million over-the-counter (OTC) token sale.

According to a March 28 statement, World Assets Ltd, a subsidiary of the foundation, executed the block trades with four private counterparties over the past week. The transactions, with initial settlements beginning March 20, were priced at an average of $0.2719 per token.

World Foundation Sold WLD Tokens to Fund Orbs Manufacturing

The foundation stated that the off-ramped capital will be deployed toward core operational expenses. This includes intensive research and development, ecosystem expansion, and the continued manufacturing of its proprietary iris-scanning hardware, known as “Orbs.”

To mitigate immediate secondary-market impact, $25 million of the sold WLD is subject to a six-month lockup. This would restrict those specific tokens from entering circulation until late September.

However, blockchain analytics indicate this major capital raise is not an isolated event.

Data tracked by Lookonchain reveals a sustained pattern of structural divestment by World-affiliated entities. Over the past two years, the project has systematically offloaded WLD tokens through prominent market makers, including Flow Traders and Wintermute, creating a persistent overhang on the market.

This continuous supply expansion comes at a precarious time for the asset. The latest OTC sale coincides with WLD plunging to an all-time low before staging a modest recovery to its current level of approximately $0.27.

Despite this slight rebound, the token remains severely depressed. It is trading more than 97% below its peak of $11.72 reached in March 2024.

Compounding the project’s market struggles is a rapidly deteriorating regulatory environment.

Worldcoin’s core narrative centers on providing a “proof of humanness” network to combat the increasing proliferation of sophisticated AI bots online.

Advertisement

However, this positioning has largely failed to appease cautious regulators. As a result, regulators across the globe have consistently sounded the alarm about the mass collection and storage of biometric data.

Hence, the project continues to navigate severe legal challenges and ongoing privacy investigations in multiple international jurisdictions.


The post Sam Altman’s World Foundation Sells $65 Million in Worldcoin appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Ethereum May Get ‘Flipped’ in 2026 Without Bitcoin’s Involvement

Published

on

Ethereum May Get 'Flipped' in 2026 Without Bitcoin's Involvement

Ether’s (ETH) grip on the cryptocurrency market’s number-two spot is weakening, not because it is getting any closer to overtaking Bitcoin (BTC), but because the stablecoin economy is booming.

Key takeaways:

Ethereum’s No. 2 ranking at risk in 2026

In the past five years, Ether has vastly underperformed its top competitors for the no. 2 spot, primarily Tether’s stablecoin USDT (USDT).

On a five-year rolling basis, ETH’s market capitalization grew by roughly 11.75% to around $240 billion.

Advertisement
ETH/USD five-year market cap performance vs. USDT, XRP, and USDC. Source: TradingView

In comparison, USDT, the third-largest cryptocurrency, grew 622.50% in the same period, with its market cap reaching over $184 billion. Even XRP (XRP) and USD Coin (USDC) have outperformed Ether’s growth.

As a result, more traders are betting on Ethereum’s flippening in 2026.

On Polymarket’s betting platform, for instance, over 59% of punters placed bets in favor of Ether losing the number-two spot in 2026. These odds were just 17% at the year’s beginning.

Ethereum flipped in 2026 contract. Source: Polymarket

Why has Ethereum lagged behind Tether?

Ethereum and Tether grow differently because one is crypto, the other is fiat.

Ethereum’s market value depends largely on ETH’s price rising, and that has been difficult to sustain in 2026 as crypto markets come under pressure from macro headwinds such as US tariffs, the US and Israel vs. Iran war, and fading expectations for Federal Reserve rate cuts.

That weakness has also been reflected in institutional demand. US spot Ethereum ETFs saw assets under management fall by about 65%, dropping to $11.76 billion in March from $31.86 billion in October last year, underscoring how the appetite for ETH has decreased over the past few months.

Advertisement
US spot Ethereum ETF balances. Source: Glassnode

Tether, by contrast, grows when capital flows into stablecoins and investors buy “crypto dollars.” That tends to happen when traders want safety, liquidity, or flexibility instead of exposure to volatile assets like ETH.

Related: AI and stablecoins are winning despite 2026 crypto market slump

The total stablecoin market is now worth $310 billion, compared to around $5 billion in 2020, with Tether’s share at 58%.

Stablecoin market capitalization. Source: MacroMicro.ME

Demand for this kind of “dry powder,” capital parked in a dollar-pegged asset while investors wait for better crypto entry points, usually stays firm during risk-off periods.

Ethereum needs a stronger risk appetite to lift ETH’s price, while Tether benefits when investors turn defensive. That helps explain why ETH market cap growth has lagged behind USDT despite remaining one of crypto’s core infrastructure assets.

Can the ETH price fall further in 2026?

From a technical perspective, Ether faces risks of further price declines in 2026.

Advertisement

As of Sunday, it was trading inside what appears to be a “bear flag” pattern, which increases the odds of resolving to the downside, given the price breaks decisively below the structure’s lower trendline.

ETH/USD three-day price chart. Source: TradingView

ETH price risks falling toward the flag’s measured downside target at around $1,250 by June if the breakdown below the lower trend line persists.