🌐 FTX estate to auction off its locked WLD tokens later in the week to raise funds for creditors
The company currently holds 22.3 million locked WLD tokens valued at $37 million.
🌎 WLD is down over 6% as it prepares for an unlock of over $300 millionWorldcoin (WLD) is down over 6% on Wednesday following news of the FTX estate's plan to sell its WLD holdings this week. The sale will be conducted via an auction to raise funds for its creditors.
FTX set to sell locked WLD tokens worth close to $38 million
In a bid to pay off the remainder of its creditors, the FTX estate plans to sell its locked Worldcoin tokens later this week via an auction. In a post on X on Monday, Figure’s CEO stated that the auction will take place this week at a discount of “75% or so.” FTX currently holds 22.3 million locked WLD tokens worth close to $37 million, with which it plans to raise funds for its creditors.
Interested participants must also submit their bids within a limited period, as the company shows no interest in future auctions for this token. The Block claimed that two of its sources also confirmed the news. Earlier this year, FTX’s estate sold 1.8 million Solana (SOL) tokens, which generated approximately $232 million in an auction that concluded on April 25.
Bids for these locked tokens ranged from $85 to $110 each, with successful bids settling around $95. WLD has fallen 6% over the past 24 hours and may continue to decline following the potential auction of FTX’s estate tokens.
