Arthur Hayes Puts A $10 Price Target On Sam Altman’s Worldcoin – WLD Token Rallies To 4-Month High

• Worldcoin surged more than 30% over the past 24 hours after Arthur Hayes publicly called for a bull market in the token and outlined a $10 price target.
• Despite the recent surge, WLD remains more than 95% below its all-time high reached in March 2024.
• Retail traders on Stocktwits questioned by shares of Dan Ives-backed Eightco Holdings, which holds over 238 million WLD tokens on its balance sheet, did not show similar gains.

The token behind Sam Altman’s Worldcoin (WLD) project rallied to an over four-month high on Wednesday after Arthur Hayes put a $10 price target on the cryptocurrency.

WLD’s price rose by more than 30% over the last 24 hours to around $0.53, a level it has not seen since January, and was among the top trending tokens on Stocktwits at the time of writing. Retail sentiment around Worldcoin remained in ‘extremely bullish’ territory over the past day, with chatter at ‘extremely high’ levels.

Platform data showed that retail traders following the token increased by over 300% in the last seven days, while retail chatter has jumped more than 150%. The surge comes ahead of the much anticipated initial public offering (IPO) of OpenAI, another one of Altman's projects. 

Arthur Hayes' Bullish Call Fuels Worldcoin Momentum

Hayes price target on the WLD token comes after he called for a bull market on Worldcoin on Tuesday. Prior to his call on WLD, Hayes has confirmed positions in Hyperliquid (HYPE), Near Protocol (NEAR) and Zcash (ZEC) – all three of the ‘Holy Trinity’ have recently hit record highs, and have outperformed the broader market amid the current crypto slump.

On Stocktwits, one retail user forecast that WLD’s price would rise to a new record high by the end of the year. Currently its trading 95.5% below its record high of $11.74, seen in March 2024. However, it has more than doubled from its record low of $0.23, which was recorded just last month.

Others expressed their frustration that the rally in WLD’s price did not lead to a bigger rally in the shares of Eightco Holdings (ORBS). The Dan Ives-backed digital treasury holds over 238 million WLD tokens. 

ORBS’ stock rose 3.5% in afternoon trade. On Stocktwits, retail sentiment around the company trended in ‘bullish’ territory amid ‘high’ levels of chatter over the past. 

Read also: Bitcoin Dumps Below $65K, Spurring $1.8B Wipeout Before Recovery – Analysts Debate The Cause, While Retail Blames Saylor

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