Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings
Worldcoin (WLD) price declined 5.68% to $0.3005, significantly underperforming a slightly weaker broader market, primarily driven by a risk-off rotation away from altcoins.
WLD trading volume is up 11% in 24 hours to about $148 million on Thursday, with sell pressure leaving its market capitalisation at about $1.1 billion – 8.4% of which is controlled by EightCo holdings, a NASDAQ-listed public company.
The broader crypto market is in a defensive posture, signalling capital is rotating out of riskier altcoins. WLD, as a higher-beta asset, experienced amplified selling pressure, falling over 15 times more than Bitcoin’s 0.37% dip.
The drop appears driven by macro sentiment and portfolio rebalancing rather than a WLD-specific issue. The move is more consistent with its high correlation to altcoin beta during risk-off periods.
Without a fundamental driver, the price action is more susceptible to broader market flows and sentiment shifts. WLD is testing a critical support zone around $0.30. The 7-day RSI at 28.06 indicates the asset is deeply oversold, which can sometimes precede a short-term bounce.
The key trigger is Bitcoin’s stability; if BTC holds above $64,000, WLD may find a floor. A breakdown below $0.30 opens the path toward $0.28.
The immediate bias is bearish but exhausted, setting up for a potential consolidation or relief rally if support holds. A daily close below $0.30 on high volume, which would confirm bearish continuation.
The decline is a symptom of a risk-averse market pulling capital from altcoins, with Worldcoin lacking a positive catalyst to counter the outflow. Traders are watching whether the $0.30 support level holds in the next 24-48 hours alongside Bitcoin’s price action near $64,500
Eightco Holdings (NASDAQ: ORBS) reported holdings worth $378 million as of August 5, 2026. Its portfolio includes nearly 302 million WLD tokens, valued at approximately $96 million and representing about 8.4% of the circulating supply.
This makes Eightco the largest publicly disclosed institutional holder of WLD. The company recently participated in the World Foundation’s $52.5 million funding round and aligns its treasury with mega-trends like AI and digital identity XRP Steadies as Holders Can Now Borrow from Ripple Stablecoin
