The FTX estate is set to auction off a significant portion of its Worldcoin (WLD) tokens at a substantial discount, according to multiple sources familiar with the matter. The sale is part of the estate’s ongoing efforts to recover funds for creditors.
Lockup Periods are the Reason for the Discounted Sale of Worldcoin Tokens
The estate is offering 22.3 million WLD tokens, currently valued at approximately $37.7 million, at a discount that could range from 40% to 75% off the current spot market price. Interested buyers have until 8 PM ET on Wednesday to submit their bids.
The WLD tokens will unlock daily through 2028, with a portion unlocking each day until July 24, 2026, and then a smaller amount unlocking daily until July 24, 2028. Some sources have expressed concerns about the length of these lockup periods.
This auction follows the successful sale of the estate’s Solana (SOL) and Metaplex (MPLX) tokens earlier this year. The FTX estate is believed to have sold most of its tokens and now holds approximately $594 million in remaining assets, though a significant portion of that is in the form of the highly illiquid FTT token.
Worldcoin price has dropped by approximately 16% in the last week.
