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Worldcoin Jumps 21% After Big Buy From Eightco Holdings

Eightco Holdings sharply increased its WLD position, and Worldcoin then climbed 21%. The market is now watching to see whether the rally keeps going or if technical signals point to cooling momentum.

By Finst News
• 2 min read
Worldcoin Jumps 21% After Big Buy From Eightco Holdings

Key Takeaways

  • Worldcoin jumped 21% on June 15 after Eightco Holdings expanded its WLD position to 283 million tokens.
  • Eightco is now the largest public holder of WLD, with a digital wallet worth about $406 million.
  • WLD was trading around $0.61, while technical signals point to possible volatility and regulatory scrutiny remains.

Worldcoin (WLD) saw a sharp 21% price jump on June 15 after Eightco Holdings significantly expanded its position in the token. The company now holds 283 million WLD, which is about 8.4% of the circulating supply. This purchase strengthens Eightco's status as the largest public holder of WLD and values its digital wallet at about $406 million (€350 million).

Big Investment From Eightco Holdings

The latest figures show that as of June 10, Eightco Holdings held 283,452,700 WLD. Along with this large WLD position, the company also holds more than 16,000 ether and has a $90 million (€77.5 million) investment in OpenAI. According to Eightco, its WLD investment is a strategic move based on the potential of digital identity technologies. It says a large share of internet traffic and trading volume is driven by non-human activity, and it sees Worldcoin's Proof of Human network as a possible solution to that problem.

Technical Developments and WLD's Market Position

After the price jump, WLD reached about $0.61 (€1), giving the token a 154% gain over the past 30 days. On the daily chart, WLD broke above the 0.786 Fibonacci level around $0.57 (€0) and is now targeting a previous peak near $0.66 (€1). A close above that level could leave room for more upside. At the same time, the relative strength index (RSI) is warning of a possible pullback, since it is showing negative divergence with price action. Initial support is around $0.45 (€0), with deeper support at $0.33 (€0).

On the hourly chart, WLD has stayed inside a rising parallel channel since late May, which points to a mostly positive technical trend. Even though volume picked up on the breakout, it stayed below early June levels, suggesting the rally may need broader participation to last.

Why This Matters for European Crypto Investors

For European investors, it is worth keeping an eye on Worldcoin, especially because of its innovative approach to digital identity and the involvement of major players like OpenAI. Even with the recent price gains, there are also technical signals pointing to possible volatility. On top of that, the project still faces regulatory scrutiny, especially because of biometric data collection that has led to suspensions in some countries. That makes it a project with both upside and risk in the European crypto market.

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