Worldcoin (WLD) Surges 180% as Eightco Reveals Major 8.4% Stake – $10 Price Target in Sight

Key Highlights

• WLD surged approximately 180% from its accumulation range between $0.14 and $0.24
• The token reached a high of $0.6317 before retracing to approximately $0.50
• Eightco Holdings revealed ownership of 283.45 million WLD tokens, representing roughly 8.4% of the circulating supply
• 24-hour trading volume increased 8.57% to reach $1.08 billion, while open interest remained unchanged at $416.23 million
• Market observers have identified potential price objectives at $0.63, $2, $5, and potentially $10 if bullish momentum persists

Worldcoin (WLD) has staged a dramatic recovery from a prolonged accumulation phase, capturing renewed interest from both retail traders and market analysts. This upward movement has been fueled by a combination of technical chart patterns, significant institutional position disclosure, and continued excitement surrounding AI-related projects connected to co-founder Sam Altman.

At press time, WLD was changing hands at $0.4977, accompanied by a 24-hour trading volume of $654.1 million and a market capitalization of $1.69 billion. The digital asset recorded a 24-hour increase of approximately 7.32% before experiencing a modest pullback.

Cryptocurrency analyst Crypto Patel observed that WLD had been confined within an accumulation range spanning $0.14 to $0.24 for a considerable duration. Breaking free from these depths, the token mounted an impressive rally of nearly 180%, touching a peak of $0.6317 before stabilizing around the $0.50 level.

This bullish reversal emerged after WLD experienced a devastating decline of approximately 98% from its all-time high, establishing the foundation for the current upward trajectory.

Major Institutional Position Disclosure Sparks Rally

A significant driver behind the recent price action came from an announcement by Eightco Holdings. The investment firm disclosed holding approximately 283.45 million WLD tokens, which equates to roughly 8.4% of the token’s circulating supply.

Eightco characterized this position as its most substantial allocation within the “digital identity + AI” investment category. The public disclosure appeared to catalyze momentum-driven buying activity and contributed to strengthening the bullish sentiment surrounding WLD.

Market analyst Crypto Tolga shared observations on X indicating that WLD is displaying robust recovery signals within a descending channel formation. According to his technical assessment, a decisive break above the channel’s resistance line, followed by sustained price action above that level, could trigger accelerated bullish momentum. He suggested that a confirmed breakout might propel the token toward a Fibonacci 1.618 extension target near $9.

Notably, WLD has maintained its position among the highest-volume assets on South Korean cryptocurrency exchange Upbit for multiple consecutive days. When price discovery becomes concentrated on a single regional platform, even modest buying or selling pressure can generate pronounced short-term price fluctuations.

Trading Activity Increases While Derivatives Positioning Holds Steady

Trading volume for Worldcoin climbed 8.57% to $1.08 billion during the observed timeframe, indicating heightened market participation.

Meanwhile, open interest remained stable at $416.23 million. This stagnation in open interest suggests the derivatives market hasn’t witnessed substantial new position establishment or liquidation activity.

WLD’s association with Sam Altman, who serves as co-founder of both OpenAI and Worldcoin, continues drawing market attention whenever artificial intelligence narratives gain momentum. Recent discussions surrounding OpenAI’s Sora video generation model have been mentioned as a potential contributing factor to the latest upward price movement.

Market analysts are monitoring key resistance levels at $0.63, $2, $5, and $10 as prospective targets should buying pressure maintain its current trajectory.

According to the most recent data from Coinglass, WLD open interest held firm at $416.23 million.

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