Why Worldcoin is up today (September 8)

Why Worldcoin is up today (September 8)
WLD price breaks key levels after $270 million treasury news

​On Monday, the crypto project Worldcoin, backed by Sam Altman, surged 44% and traded above $1.50 for part of the day. The rise of WLD reflects a combination of institutional interest, technical resilience, and the growth of a biometric identification ecosystem using blockchain.

The main driver behind Worldcoin’s (WLD) rally was news that Eightco Holdings is raising $270 million to launch the first WLD treasury. At the same time, Tom Lee’s BitMine invested $20 million. This aligns with Worldcoin’s goal of integrating its token into institutional portfolios and enabling adoption through ETFs.

The treasury strategy indicates long-term confidence in WLD’s utility as a token. On the regulatory side, this is supported by the Federal Reserve’s August 15, 2025 decision to end its cryptocurrency oversight program, easing compliance concerns.

Although bans on World ID technology remain in effect in many countries, global identity verifications have grown to 16 million accounts across more than 45 countries, fueling demand for WLD. As a result, Worldcoin’s trading volume surged 320% to $2.14 billion on September 8.

Breakthrough to a three-month high

From a technical perspective, WLD’s price broke through the 20, 50, 100, and 200 SMAs, as well as the 127% Fibonacci level, and is now aiming to consolidate around $1.50. 

Worldcoin Daily Chart. Source: Trading View

Investors are expected to take profits at $1.60–$1.65, though overbought conditions may hinder further growth. At the time of writing, RSI stood at 77.32.

As we wrote, Worldcoin price surges 20% amid $500B AI Stargate venture announcement

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