Key Highlights:
- Worldcoin price soared nearly 70% after Eightco announced a WLD-focused treasury.
- However, the surge led to a selloff by smart money and institutions.
- WLD price eventually lost steam owing to increasing sell pressure.
Worldcoin (WLD) experienced a selling spurt on Monday after large institutional buyers and the so-called smart money traders started to sell their holdings. This comes as the WLD token drastically increased its value by 70% in a single day.
Worldcoin Faces Selling Pressure Amid Price Rally
According to blockchain data, a wallet associated with Teneo, the liquidator of the now-defunct hedge fund Three Arrows Capital (3AC), transferred 2.25 million WLD, worth about $2.88 million, into exchanges Binance, OKX, and Bybit about 18 hours ago. The wallet is still having a substantial 52.47 million WLD valued at approximately 101 million. Teneo wallet was initially allotted 75 million tokens two years ago, and it has decreased its exposure by 30% since July 2024.
Another whale entity entered the wave of selling. A smart money wallet, which can be tracked on-chain as 0xC0D, deposited 9.33 million WLD (approximately $16.88 million) into Binance within just 2 hours of publication. The action also captured profits of close to $8 million, and that is a 91% increase in two weeks.
Smart money and institution are offloading $WLD after a 55% price jump today!
🔹 Teneo 3AC deposited 2.25M $WLD ($2.88M) into #Binance, #OKX, and #Bybit ~18 hours ago, leaving 52.47M $WLD ($101M) remaining.
Their liquidation wallet received 75M $WLD two years ago and has… pic.twitter.com/XWiKFfIzg0
— Spot On Chain (@spotonchain) September 9, 2025
The offloading is associated with increased market activity caused by a corporate-related development in the vicinity of Eightco Holdings, an e-commerce company in the U.S. that specializes in inventory management. To the surprise of markets, the firm announced its intention to switch to crypto reserves by announcing it would raise $250 million in a private placement to build what it described as the first dedicated Worldcoin treasury on Earth. This raise involves the issuance of 171.23 million common shares for $1.46.
The announcement led to a 70% rise in WLD price in Tuesday’s trading session. Further, Eightco also announced a $20 million strategic partnership with BitMine Immersion Technologies. BitMine, which has led in terms of holding the largest Ether reserves of publicly traded companies, acquired 13.7 million Eightco shares in the investment.
Eightco Stock Soars But WLD Loses Steam
The announcement sparked an all-time frenzy in Eightco stock. The shares that closed on Friday at $1.45 ascended intraday to well above 80 before closing the Monday session at 45.08. The almost 3009% high increase was one of the most drastic one-day gains of a Nasdaq-listed company in 2025. In the after-market hours, the share relaxed by approximately 6% to $42.40.
Eightco has declared that the cash from the $250 million stock sale, which is slated to occur on Thursday, will be directly injected into WLD acquisitions, with Ether (ETH), which is trading at approximately 4325, in place as a second-hand purchase. The participants anticipated in the offering include the World Foundation, crypto exchange Kraken, and trading platform FalconX.
In conjunction with the fundraiser, Eightco plans to rename its Nasdaq ticker to “ORBS” as a reference to the biometric orb devices used by Worldcoin issuer World Network to confirm the identity of users by scanning their irises.
The parallel rise in the price of the Worldcoin token has attracted immediate responses from major players. As new investors and controlled liquidation wallets are shifting funds to exchanges in large amounts, the market has been experiencing severe profit-taking following the recent spurt.
Although, as indicated by the data, WLD is appreciating fast, a sharp split is visible between corporate accumulation plans, such as the decision of Eightco to lock the reserves with the token, and the concomitant liquidation by the long-established holders. Worldcoin price lost steam during the day, with selloffs ushering in. At press time, the WLD price was at $1.87, up by 35.07%.
Both speculative trading and institutional exits, converging along with corporate treasury adoption, have seen WLD become one of the most heavily monitored tokens in early September, with on-chain data indicating that billions of liquidity movements have occurred within a few days.
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