3AC Wallet Sells 2.25 Million Worldcoin as WLD Price Surges Over 121%
Worldcoin's native cryptocurrency, WLD, increased by 54% on September 9, totaling over 121% in weekly gains.
Key Developments
- Arkham Intelligence reported the Teneo-managed 3AC liquidation wallet sold 2.25 million WLD tokens worth $2.88 million.
- Despite sales, the wallet retains 52.47 million WLD, valued around $92 million.
- Daily trading volumes for WLD surged by 300% to $3.6 billion, indicating strong bullish sentiment.
- Perpetual futures open interest for WLD rose by 54% to over $905 million, with $24 million in liquidations reported.
- Market analysts suggest a potential rally to $4.00 following a breakout past $1.60.
Eightco Holdings Announcement
- Eightco Holdings (NASDAQ: OCTO) announced a Worldcoin treasury strategy after raising $250 million.
- Capital was raised through the sale of 171.2 million shares at $1.46 each and an additional 13.7 million shares issued to BitMine.
- BitMine made a $20 million strategic investment in Eightco, resulting in a 30x gain, exceeding $600 million.
- Following the announcement, Eightco’s stock surged by 3000%, closing at $45.08.