Worldcoin Soars 42% on Landmark Treasury Strategy Announcement
Worldcoin (WLD) has experienced a remarkable surge, jumping 40% in a single day, following Eightco Holdings Inc.'s announcement of the world's first WLD treasury strategy. This pivotal development has ignited significant optimism among crypto analysts, with some now projecting a potential 200% rally for the cryptocurrency, aiming for its previous December highs.
Eightco's Strategic Move and Institutional Backing
Eightco Holdings Inc., a public e-commerce infrastructure firm, has successfully secured a substantial $250 million private placement. This significant capital infusion is specifically allocated to implement its pioneering Worldcoin treasury strategy. The private placement involved the sale of 171.2 million common stock shares at $1.46 each, complemented by an additional 13.7 million shares acquired by BitMine, a prominent Ethereum (ETH) treasury company. BitMine further underscored its commitment with a $20 million strategic investment in Eightco (NASDAQ: OCTO), part of OCTO's larger $270 million private investment in public equity. This strategic move aligns with BitMine's "Moonshot" strategy, which aims to allocate 1% of its balance sheet to projects that strengthen the Ethereum ecosystem and create value for its shareholders. Thomas "Tom" Lee, Chairman of BitMine, highlighted Worldcoin's native ERC-20 token status and its unique zero-knowledge Proof of Human credential as critical elements for fostering future trust and safety within the evolving tech landscape. Eightco has confirmed that WLD will serve as its primary treasury reserve asset, with Ethereum (ETH) acting as a secondary reserve, though the primary focus remains firmly on WLD. The company is also set to change its Nasdaq trading symbol to "ORBP" by September 11, 2025.
WLD's Market Reaction and Bullish Outlook
The announcement provoked an immediate and robust market reaction for Worldcoin, pushing its price above the $1.50 barrier to hit a three-month high of $1.58, now approaching a crucial resistance level. Prior to this, WLD's price had been consolidating within a $0.60-$1.60 range for the past seven months, with previous breakout attempts in May and August failing to sustain momentum. However, a recent 30% surge over the weekend saw WLD decisively reclaim the $1.00 level and break out of a two-month falling wedge pattern on the daily chart, strongly signaling a potential bullish trend reversal. Crypto analysts, including Alpha Crypto Signals and LluchianoBTC, have taken note of this shift, with LluchianoBTC anticipating a "spectacular" rally once the breakout is fully confirmed. Captain Faibik further emphasized a multi-year trendline breakout on the daily chart, setting an ambitious target for a 200% rally to the December 2024 high, potentially reaching the $4.00 mark. As of this writing, Worldcoin is trading at $1.51, representing a significant 73% increase on the weekly timeframe.
