WLD Rally: Why Worldcoin Surged 21% and What’s Next
On June 15, the Worldcoin (WLD) token demonstrated an impressive 21% surge, reaching around $0.61. The key catalyst for this movement was the official disclosure by Eightco Holdings (ORBS), which confirmed its status as the largest public holder of WLD. Its treasury now holds 283,452,700 tokens, representing approximately 8.4% of the total circulating supply. This reserve has become a powerful foundation for further strengthening the company's digital assets.
The monthly dynamics of WLD are even more striking: since mid-May, the asset has appreciated by 154%. According to the latest data, Eightco Holdings' total reserves are estimated at around $406 million. In addition to WLD, the company's portfolio includes over 16,000 ETH and a $90 million stake related to OpenAI.
Why is Eightco Betting on Worldcoin?
Eightco Holdings' strategy is not merely a speculative purchase. The company views its investment in WLD as a long-term contribution to the development of digital identity technologies. Their logic is simple: a significant portion of modern internet traffic and transactions is generated not by humans but by automated systems. In this context, the Worldcoin ecosystem, with its Proof of Human concept, acts as a critically important verification layer. The project already has over 16 million verified users, making it one of the leaders in the decentralized identity segment.
An additional driver of interest in WLD has been discussions about a potential IPO for OpenAI. Since Eightco holds a stake related to OpenAI, the market perceives this as an indirect positive signal for the entire company's portfolio, including Worldcoin.
Technical Analysis: Bullish Channel and Hidden Risks
On the daily chart, WLD managed to break through the critical Fibonacci retracement level of 0.786 around $0.57. The nearest target now is the local high near $0.66. A consolidation above this level could open the path to new highs.
However, daily analysis requires caution. The RSI indicator is forming lower highs against a backdrop of rising prices — this is a classic bearish divergence. Such a signal often precedes a sharp correction. The nearest support lies at $0.45, with a more reliable level at $0.33.
On the hourly timeframe, the picture is more optimistic. Since late May, WLD has been trading within an ascending parallel channel, which was only briefly broken in early June. Currently, the RSI is holding former resistance as support in bullish territory. If buyers can defend the channel, the upward movement will continue.
Volumes increased on the breakout but remain below the highs of early June. This indicates that greater market activity is needed for the rally to continue.
My professional conclusion: WLD's growth is supported by a fundamental factor — institutional interest from Eightco, which provides the asset with substantial long-term backing. However, the technical picture is mixed: the daily RSI divergence is a serious warning signal. As long as the price holds above $0.45, the chances of the bullish trend continuing remain. A drop below $0.33 would signal a pause and a potential reversal. Investors should closely monitor volumes and the $0.66 level.