Worldcoin Spikes After Eightco Reveals 8.4% Stake

Overview

• WLD rallied about 180% from its $0.14–$0.24 accumulation band, reached an intraday high of $0.6317 and trades near $0.50 with 24‑hour volume around $1.08 billion and derivatives open interest near $416.23 million.
• Eightco Holdings disclosed it holds roughly 283.45 million WLD, about 8.4% of circulating supply, and called the position its largest allocation in the digital identity and AI sector.
• Traders and analysts are citing short‑ and medium‑term technical targets at $0.63, $2 and $5, with some chartists saying a confirmed breakout could open extended Fibonacci targets near $9–$10; heavy trading on South Korea’s Upbit concentrated price discovery and magnified moves.
• Supply dynamics complicate the outlook because a prior ~$65 million OTC sale and hedging created sell pressure and a scheduled July 24 reduction in daily token unlocks of roughly 43% will change new issuance that traders are already pricing in.
• Longer‑term demand faces regulatory and privacy risks from Worldcoin’s Orb biometric onboarding, which has prompted probes and temporary halts in countries including Kenya, Spain and Portugal and could slow user growth and adoption.