World Foundation sells 217.4 million WLD to Pantera Capital at a 36% discount

iconKuCoinFlash
Share
This is the logo of the coin.
WLD
$0.30663.12%
AI summary iconSummary
The World Foundation sold 217.4 million WLD tokens to Pantera Capital and other institutions, raising $52.5 million. On-chain data indicates an average price of $0.24, representing a 36% discount to the current market rate. The tokens are locked for one year, likely contributing to the lower valuation. Altcoins to watch may include WLD, as this move underscores institutional interest.

Odaily Planet Daily reports, according to Ember Monitoring, the World Foundation sold approximately 217.4 million WLD tokens to institutions including Pantera Capital around 8 hours ago, raising $52.5 million. Although the official sale price has not been disclosed, based on on-chain transfer data and the fundraising amount, the average sale price is estimated at approximately $0.24, representing a discount of about 36% compared to WLD’s current market price.

Yujin stated that this batch of WLD must be locked up for one year, and this lock-up arrangement may be one of the reasons for the discounted sale.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.