Eightco Dropped $326M on Worldcoin and All WLD Got Was a New All-Time Low

Worldcoin price is grinding just above an all-time low, and the $WLD token has failed to stage any meaningful recovery despite Nasdaq-listed Eightco disclosing a $326 million position on April 2. The descending channel structure on both the daily and four-hour charts remains firmly intact, pushing price closer to uncharted territory each session. Because nothing says "bullish signal" quite like a $300M bag holder entering the chat.

Worldcoin ($WLD) price is trading at $0.2482 on April 6, down 7.98% over the prior 24 hours and pressing against an all-time low of $0.2455 set just nine days earlier on March 28. For those keeping score at home, that's a 7.98% dump in a single day while sitting on support so thin you could smoke it. A descending channel that has contained the $WLD token since late 2025 keeps price pinned near historic lows, with no confirmed technical reversal pattern present on either the daily or four-hour chart.

On the daily chart, $WLD is trading within a defined descending channel, with the upper boundary sitting near $0.4052 and the lower trendline converging directly on price at current levels. The Supertrend sits at $0.3097, well above price, acting as a rolling resistance ceiling that has rejected every recovery attempt in recent weeks. The MACD line sits at -0.0013 against a signal of -0.0091, with the histogram deeply negative, confirming that downward momentum remains intact. To translate: the bears are having a field day and the bulls haven't even been invited to the party.

On the 4H chart, the Supertrend at $0.2641 holds above price as bearish resistance on every actionable timeframe. The 4H MACD shows the MACD line at 0.0003 crossing marginally above the signal at -0.0053, a tentative micro-stabilisation on the shorter timeframe that carries limited analytical weight while the daily structure remains this heavily one-sided. In other words, there's about as much bullish momentum here as a hamster on a treadmill—cute to watch, but not going anywhere fast.

Eightco Holdings, a Nasdaq-listed firm, disclosed on April 2 that it holds 277 million $WLD tokens worth approximately $326 million, describing itself as "the largest public market participant in the Worldcoin ecosystem." Despite the scale of that institutional position, $WLD has produced no sustained upside response, reflecting the depth of selling pressure the market is still absorbing. Nothing like dropping nine figures on a token that's busy making new lows like it's training for the Olympics.

The all-time low at $0.2455 is the critical immediate support. A daily close below that level would confirm a new historic low for $WLD and open a path toward the $0.20 psychological level, which aligns with the projected lower boundary of the descending channel in the weeks ahead. The $0.20 level carries no prior support, as it would represent territory $WLD has never closed at on a daily basis. On the upside, reclaiming the Supertrend at $0.3097 is the minimum threshold for any credible recovery attempt. Above that, the upper channel boundary near $0.4052 is the next meaningful resistance zone. The bullish thesis is fully invalidated on a daily close below $0.20. Buckle up, buttercups.

Data from Nansen shows the total balance of $WLD tokens held across centralised exchanges rose over 25% to approximately $742 million in the week ending March 27, as the Worldcoin team moved around $26 million in $WLD to exchange wallets. Elevated exchange balances signal increased near-term selling risk, as tokens held on exchanges are more readily available for disposal. Until that dynamic reverses, the supply overhang on $WLD is unlikely to ease meaningfully. A confirmed break below $0.2455 would represent a structural deterioration, with $0.20 as the logical next downside target if the all-time low floor fails to hold. In short: the team is essentially handing out free ammo to the bears, and someone forgot to tell the sellers to take a day off.