Hey folks, if you've been keeping an eye on the crypto markets, you probably noticed Worldcoin (WLD) skyrocketing by 55% in a single day. But as the saying goes in this space, what goes up often sees some profit-taking—and that's exactly what's happening with some big players. Thanks to on-chain sleuths at Spot On Chain, we've got the scoop on how institutional and smart money are cashing in. Let's break it down step by step, keeping things straightforward for everyone.

The Catalyst: Eightco's Bold Move into Worldcoin

First off, the fuel behind this WLD pump? It's all about Eightco Holdings (OCTO), a company that's making waves by announcing a $250 million private placement aimed at creating the world's first dedicated Worldcoin treasury. They're not stopping there—they've also secured a $20 million strategic investment from BitMine (BMNR), a move that's got investors buzzing.

For those new to this, Worldcoin is a blockchain project focused on universal basic income (UBI) through biometric verification—like scanning your iris to prove you're human and get free tokens. This treasury strategy means Eightco plans to hold WLD as a core asset, potentially stabilizing and boosting its value long-term. No wonder the price jumped—it's like a vote of confidence from traditional finance dipping into crypto.

3AC Liquidation: Offloading WLD Holdings

Now, onto the selling pressure. Remember Three Arrows Capital (3AC), the hedge fund that imploded back in 2022 amid the crypto winter? Their assets are still being liquidated by Teneo, and Spot On Chain spotted some major moves. About 18 hours before the tweet, Teneo's 3AC liquidation wallet deposited 2.25 million WLD tokens—worth around $2.88 million—into major exchanges like Binance, OKX, and Bybit.

This isn't a one-off. The wallet originally received 75 million WLD two years ago and has been steadily unloading about 30% of that stash since July 2024. Right now, they're sitting on 52.47 million WLD, valued at roughly $101 million. That's a hefty bag, and if they keep selling, it could add some downward pressure on the price.

As you can see in the screenshot from Spot On Chain, the portfolio highlights their massive WLD position and recent outflows. It's a reminder that liquidations from past failures like 3AC can still ripple through the market today.

Smart Money Joins the Exit: The 0xC0D Wallet

It's not just institutions—smart money is getting in on the action too. Another wallet, dubbed "0xC0D" by on-chain trackers, deposited a whopping 9.33 million WLD ($16.88 million) into Binance just two hours before the tweet. The crazy part? They turned a $8 million profit (+91%) in only two weeks. Talk about timing the market!

These moves highlight how savvy traders and institutions often sell into strength, especially after a rapid price increase. While retail investors might be FOMO-ing in (that's fear of missing out, for the uninitiated), the big fish are locking in gains.

What Does This Mean for Worldcoin and the Broader Market?

So, is this the end of the WLD rally? Not necessarily. The Eightco announcement could bring more institutional interest, potentially offsetting these sales. Worldcoin's tech—combining AI, privacy, and global identity—has real-world potential, especially in an era where proving humanity online is becoming crucial.

That said, keep an eye on on-chain data. Tools like Spot On Chain are gold for spotting these trends early. If more dumps happen from the remaining 52 million WLD in the 3AC wallet, volatility could spike. For traders, this is a classic setup: buy the rumor (Eightco news), sell the news (post-surge dumps).

If you're holding or eyeing WLD, do your own research—check out Worldcoin's official site or dive into on-chain analytics. Crypto moves fast, and staying informed is key to navigating these waters.

Stay tuned for more updates on meme tokens and blockchain vibes right here at Meme Insider. What's your take on WLD's future? Drop a comment below!