Eightco Holdings announced the completion of a $270 million private placement to establish the Worldcoin treasury, resulting in a dramatic increase in the price of the WLD token.
Investment Raising and Worldcoin Treasury
Nasdaq-listed Eightco Holdings reported raising $270 million through a private placement aimed at creating the first Worldcoin treasury strategy. The investment was supported by several institutional investors, including World Foundation and Pantera.
WLD Price Dynamics and Innovations on Upbit
Following the listing of WLD on South Korea's largest crypto exchange, Upbit, interest in the token surged, leading to increased trading volumes. In the past 24 hours, WLD attracted $1.79 million, with some investors opting to book profits, slightly correcting the token price.
Worldcoin Price Projections Following Placement
Currently, WLD's price has been hovering around $1.87 after a 130% rally over the past week. Analysts predict further growth may be possible if it surpasses the $3.10 mark, while key support levels remain at $1.52 and $1.137.
In conclusion, Eightco Holdings' successful equity placement offers a foundation for further Worldcoin development while opening new opportunities for investors amidst market volatility.
