Eightco Holdings announced a $250 million private placement investment in Worldcoin (WLD), acquiring 171,232,877 shares at $1.46 each. BitMine contributed an additional $20 million to this treasury strategy, marking one of the largest institutional bets on WLD to date.
Concurrently, South Korea's largest cryptocurrency exchange Upbit listed WLD, enabling trading in KRW, BTC, and USDT pairs with multichain support via Ethereum, Optimism, and Worldcoin's native blockchain. This expands access to Asian investors, particularly in South Korea's major crypto trading hub.
The dual announcements triggered a 70% price surge in 24 hours, with WLD reaching $2.00. Trading volume exploded by 257%, reaching $4.23 billion. At publication time, WLD traded at $1.80 with a $3.64 billion market cap, posting 105.81% weekly gains.
Technical indicators support bullish momentum: RSI at 61.81, MACD in positive territory (0.08496 above signal line), and a breakout above key $1.60 resistance. Analysts target $4.00 - a 92% upside from current levels - which would match December 2024 prices.
