Worldcoin Becomes Treasury Reserve as WLD Drops 96% From Peak

Published by James Harris on June 6, 2026June 6, 2026

Eightco Holdings announcing it will hold [WLD/USDT](https://in.tradingview.com/symbols/WLDUSDT/) as its primary treasury reserve after a $270 million raise is the kind of institutional signal that usually arrives at the wrong moment: Worldcoin is down 14% in 24 hours, sitting roughly 96% below its March 2024 all-time high of $11.82, and the RSI on the 4-hour chart has already rolled over to 42.75.

The treasury reserve angle is worth examining carefully because it echoes the MicroStrategy playbook, but with a token that carries a fundamentally different risk profile. Bitcoin’s treasury narrative worked partly because BTC had no issuer, no ongoing token unlocks, and no regulatory ambiguity about what it was. WLD has all three: Sam Altman’s involvement has drawn scrutiny from regulators in Kenya, Spain, and Brazil, biometric data collection via the Orb device remains legally contested in multiple jurisdictions, and the circulating supply of 3.38 billion tokens sits against a much larger fully diluted figure, meaning scheduled unlocks create structural sell pressure that a single corporate buyer cannot absorb. Binance adding a WLD/U pair and reported OTC activity may have contributed to the recent price spike from recent lows, but OTC volume typically signals large holders distributing, not accumulating.

The Fear and Greed Index sitting at 12, extreme fear, while the 14-day RSI on the daily chart registered 73 before this pullback, is a compression that historically resolves downward.

For Worldcoin specifically, the more consequential development is not the price action but the Phase 2 Trusted Setup for World ID and the open-source GKR prover release, because those are the technical foundations the project needs before any serious enterprise or government identity partnership becomes viable. Twenty-five million users sounds substantial until you compare it to the scale required to justify a $1.8 billion market cap on a protocol whose primary value proposition, privacy-preserving proof of personhood, has yet to land a single major institutional integration outside its own ecosystem. The 2029 and 2032 price targets in circulating forecasts assume adoption curves that have no current precedent in the identity verification sector.

If WLD holds above the $0.3929 support level established at its May 2026 low, a short-term recovery toward resistance at $0.55 is technically plausible given that every major SMA and EMA on the daily timeframe still reads as a buy signal. Whether that technical setup survives the next token unlock schedule or a regulatory action in a large market is a different question entirely.