Worldcoin (WLD) rallied sharply this week after Eightco Holdings (Nasdaq: ORBS) disclosed it holds 283.45 million WLD tokens, approximately 8.4% of the circulating supply. The announcement triggered a wave of institutional and retail buying, pushing the token up 15.4% on Monday and extending a broader 180% recovery from an accumulation zone of $0.14–$0.24.
The disclosure, which Eightco called its largest allocation in the “digital identity + AI” sector, refocused attention on Worldcoin’s connection to OpenAI co‑founder Sam Altman. OpenAI recently filed for a major IPO in summer 2026, and the AI narrative has been a key driver for WLD. Analysts noted that trading volumes climbed 8.57% to $1.08 billion while open interest held steady at $416 million, with derivatives now showing over 40% short open interest—setting the stage for a potential short squeeze.
Technical analysts are watching a descending channel pattern. Crypto Tolga identified that a confirmed breakout above channel resistance could accelerate momentum toward a Fibonacci 1.618 target around $9, while Crypto Patel flagged price objectives at $0.63, $2, $5, and ultimately $10. WLD has also become the top-traded asset on the South Korean exchange Upbit, where roughly 35% of volumes are in Korean won, giving the token a liquidity base somewhat independent of Western markets.
The recovery comes despite a drawdown of almost 98% from WLD’s all-time high, and investors are now eyeing a monthly close above $0.60 as a signal for a more sustained breakout. With another 1 billion tokens scheduled for release in 2027, dilution remains a long‑term concern, but the current institutional endorsement and AI hype are dominating near‑term price action.
