- Worldcoin surged 19% amid its role as a proxy for AI mega-IPOs like OpenAI.
- Eightco Holdings disclosed holding over 283 million WLD, roughly 8.4% of the circulating supply.
- The rally tracked a broader crypto market rebound following geopolitical developments.
Worldcoin extended a powerful rally on Monday, climbing over 19% to $0.59 as interest surged following Eightco Holdings’ massive token disclosure and its indirect link to OpenAI. The token’s appeal as a proxy for anticipated AI public offerings, particularly after OpenAI submitted a confidential S-1 filing, fueled significant gains.
Consequently, Eightco Holdings revealed last week that it holds more than 283 million WLD. This stake represents about 8.4% of the circulating supply and is part of a treasury worth roughly $406 million.
Board member Tom Lee stated the firm’s indirect OpenAI stake lets investors gain exposure ahead of any public listing. Retail traders on Stocktwits reacted positively, with one user claiming “ORBS will go out of orbit once $ETH and $WLD push through their resistance,” according to reports.
Another user was bullish on the 8.4% holding, a sentiment echoed in data. However, not all observers see the AI IPO wave as bullish for crypto.
Arthur Hayes of Maelstrom argued the rush of AI mega-IPOs was pulling liquidity away from digital assets. He estimated about $1.5 trillion in AI-related debt was issued between 2022 and 2026, financing the AI buildout.
Meanwhile, the Worldcoin rally tracked a sharp recovery across digital assets. Crypto markets added roughly $44.27 billion after President Trump announced a deal with Iran and approved reopening the Strait of Hormuz.
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