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- Eightco Holdings’ strategic move of Worldcoin treasury includes a $20M investment from BitMine, new board appointments (Dan Ives, Tom Lee), and a rebrand under ticker ORBS.
- Technical signals show overbought conditions, though momentum remains bullish, WLD could test $2.20–$2.30 if buying persists.
Over the past week, the Worldcoin price has surged by 120%, shooting all the way to $2.13 earlier today, with its market cap crossing $4 billion. Additionally, the daily trading volume has surged bya 248% to $4.55 billion, highlighting strong bullish sentiment among traders. This massive surge in WLD price comes as Wall Street-based e-commerce firm Eightco Holdings (NASDAQ: OCTO) is preparing for $250 million Worldcoin Treasury plan.
Worldcoin Treasury Plan Sparks Rally
Nasdaq-based Eightco Holdings (NASDAQ: OCTO) has unveiled plans to adopt Worldcoin (WLD) as its primary reserve asset, announcing a $250 million private placement and a $20 million strategic investment from BitMine Immersion Technologies, which is acquiring 13.6 million shares.
As part of the initiative, Wall Street analyst Dan Ives has been appointed board chairman, while Fundstrat’s Tom Lee has also joined, signaling stronger institutional backing. The private placement is expected to close by September 11, pending Nasdaq approval, after which the company will rebrand under the ticker ORBS.
Eightco raised funds by selling 171.2 million common shares at $1.46 each and issuing an additional 13.7 million shares to BitMine, the largest corporate holder of Ethereum (ETH). In turn, BitMine confirmed a $20 million strategic investment in Eightco Holdings Inc. Following yesterday’s announcement, the OCTO stock price rallied 3000% in a single day on Monday.
The move follows a series of bullish developments for Worldcoin, including a $135 million raise led by a16z and Bain Capital Crypto, expansion into more than 40 countries, and the extension of early token lock-ups from three to five years, steps that have boosted investor confidence and reduced near-term selling pressure.
WLD Technical Analysis
Amid the recent development, Worldcoin’s native crypto WLD has seen a strong surge in daily trading activity. As per the Coinglass data, the WLD trading activity surged in the past 24 hours, with spot volume jumping 307% to $3.77 billion. Derivatives trading also spiked, as futures volume rose 317% to $10.96 billion and open interest increased 54% to $934 million.
Worldcoin’s rally has pushed it into overbought territory, with the RSI at 84, well above the 70 threshold. The token is also trading along the upper Bollinger Band, signaling strong upward pressure but raising the risk of a pullback.
Momentum indicators remain bullish, with the MACD and moving averages from the 10-day EMA ($1.21) to the 200-day SMA ($0.99) flashing strong buy signals. However, the CCI at 440 and Williams %R at -4 both point to extreme overbought conditions.
If momentum holds above $1.90, WLD could test $2.20–$2.30 in the short term. Conversely, a correction toward $1.50–$1.60 is possible if profit-taking accelerates, particularly amid elevated derivatives activity.