3AC Sells 2.25M WLD as Worldcoin Doubles in Price

Key Notes

  • Worldcoin’s daily trading volumes jumped 300% to $3.6 billion, while perpetual futures open interest climbed 54% to $905 million.
  • Nasdaq-listed Eightco Holdings launched a $250 million Worldcoin treasury plan.
  • The announcement fueled WLD’s rally and sent Eightco stock up 3,000%.

WLD

WLD
$1.95



24h volatility:
51.9%


Market cap:
$3.94 B



Vol. 24h:
$4.14 B

, the native cryptocurrency of Worldcoin, surged another 54% on Sept. 9, thereby taking the weekly gains to more than 121%.

Worldcoin price rally continues despite whale dumping

Blockchain analytics firm Arkham Intelligence reported that the Teneo-managed 3AC liquidation wallet sold an additional 2.25 million Worldcoin (WLD) tokens, valued at $2.88 million.


https://twitter.com/lookonchain/status/1965249142764306943

The wallet originally received 75 million WLD two years ago and has been offloading holdings since July 26, 2024. Despite recent sales, it still retains 52.47 million WLD, worth approximately $92 million at the current WLD price.

Amid the ongoing whale activity, the Worldcoin price rally continues strong, while extending its weekly gains to a massive 121%. Most of these gains have occurred in the last two days.

The daily trading volumes for the WLD token have surged by a massive 300% to $3.6 billion, suggesting strong bullish sentiment among traders. Furthermore, the WLD perpetual futures open interest has surged by 54% to more than $905 million, according to the CoinGlass data. As of now, the 24-hour liquidations stand at $24 million, with more than $16 million in short liquidations.

Following a decisive breakout past $1.60, market analysts believe that Worldcoin price could rally all the way to $4.0. A strong WLD whale activity could aid this rally ahead.

Eightco holdings announces wld treasury, stock hoots 3000%

Nasdaq-listed e-commerce firm Eightco Holdings (NASDAQ; OCTO) announced the first-of-its-kind Worldcoin treasury strategy after securing a $250 million fundraise.

Eightco raised capital through the sale of 171.2 million common shares at $1.46 each, alongside issuing an additional 13.7 million shares to BitMine, the largest corporate holder of Ethereum

ETH
$4 360



24h volatility:
1.1%


Market cap:
$526.87 B



Vol. 24h:
$30.49 B

. As a result, Bitmine disclosed a $20 million strategic investment in Eightco Holdings Inc.

This announcement served as additional fuel for the Worldcoin price rally to continue. In addition to this, the Eightco share price surged by a whopping 3000% yesterday, closing at $45.08. As a result, BitMine saw a massive 30x gain on its $20 million investment, taking it past $600 million.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://www.coinspeaker.com/3ac-wallet-offloads-2-25m-worldcoin-wld-price-rally/