On June 15, Worldcoin (WLD) rose by 21%. The growth was recorded after Eightco Holdings (ORBS) secured the status of the largest public holder of the token. Its treasury now holds 283 million WLD. The reserve became the basis for further growth of the company's digital assets.
Amid the rally, WLD reached approximately $0.61, and its result over the month was already +154%. Judging by the latest data, Eightco's combined reserves are now valued at approximately $406 million.
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Eightco increases its stake to 283 million WLD
Eightco Holdings reported that as of June 10 it held 283,452,700 WLD. The volume amounts to about 8.4% of the tokens in circulation.
This is the largest officially disclosed institutional position in WLD. No other public company has confirmed holding a comparable volume of tokens.
The company values the portfolio at $406 million. In addition to WLD, Eightco's assets include — more than 16,000 ETH and a $90 million stake linked to OpenAI.
Proof of Human as an idea for buying
Eightco views investing in WLD as a bet on the development of digital identification technologies. According to the company's estimates, an increasing share of internet traffic and trading is created not by people, but by automated systems.
By this logic, Worldcoin and its Proof of Human ecosystem act as a kind of verifier for solving this task. The token already has more than 16 million verified users.
Discussion of OpenAI's possible listing on the exchange is fueling interest in WLD.
What is happening with WLD
On the daily chart, WLD managed to overcome the 0.786 Fibonacci retracement level near $0.57. Now the target is — the nearest local high in the $0.66 area. Consolidation above this mark could open the way for further growth.
Daily analysis requires caution. The RSI indicator is forming lower highs amid a rising price, which points to a classic negative divergence. Such a signal often foreshadows a strong correction down the line. The nearest support is located at $0.45, the more reliable one — at $0.33.
Source: BeInCrypto
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