Cryptocurrency exchange FTX plans to auction off 22.3 million locked Worldcoin (WLD) tokens, with a total estimated value of $36.1 million. The tokens will be offered at a potential discount of 40% to 75%, sparking interest among market participants.

Applications to participate in the auction were accepted until October 2. However, sources from The Block expressed concerns about the long vesting period—part of the tokens will remain locked until 2028, which may reduce the attractiveness of the deal. Figure Markets, initially planning to participate in the auction, did not submit a bid despite the potential for a discount of up to 75%.

Outlook for Buyers

Buyers interested in these tokens may face risks associated with the vesting and long-term token lockup. However, the significant discount could offset these risks, offering participants favorable conditions for acquiring the assets.

FTX continues to take steps to optimize its assets and recover its finances following the collapse that impacted its liquidity.