- Worldcoin (WLD) surged over 30% to a four-month high after Arthur Hayes publicly called for a bull market and set a $10 price target.
- Despite the rally, WLD remains more than 95% below its March 2024 all-time high of $11.74.
- Retail traders on Stocktwits questioned why shares of Eightco Holdings, which holds over 238 million WLD tokens, did not see similar gains.
The cryptocurrency Worldcoin (WLD) rallied to its highest price since January this week after Bitmex co-founder Arthur Hayes issued a bullish public call. According to his post on social media, Hayes outlined a $10 price target for the token, sparking a sharp price increase.
Consequently, WLD’s price jumped more than 30% in 24 hours to around $0.53. The token was among the top trending tickers on Stocktwits, where retail sentiment was rated ‘extremely bullish’. Retail chatter and following for WLD increased by over 150% and 300%, respectively, in the past week.
However, the token is still trading 95.5% below its all-time high of $11.74 reached in March 2024. Meanwhile, it has more than doubled from its record low of $0.23 recorded just last month.
Some retail traders expressed frustration that the rally did not significantly boost shares of Eightco Holdings (ORBS). The Dan Ives-backed digital treasury holds over 238 million WLD tokens on its balance sheet. ORBS stock rose only 3.5% in afternoon trade despite WLD’s major surge.
This surge in interest and price comes ahead of the anticipated initial public offering for OpenAI, another project led by Worldcoin’s Sam Altman. Hayes’ call follows his confirmed positions in other cryptocurrencies that have recently hit record highs.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
