Worldcoin (WLD) Eyes $2 Recovery with Tom Lee's AI Vision

Worldcoin (WLD) Could Reclaim $2 After Tom Lee's Endorsement

WLD is positioned to potentially reverse recent losses as whale sell-off slows down amid continued endorsement from Fundstrat CIO Tom Lee. Can bulls target a 45% gain?

Tom Lee, Fundstrat CIO and a noted Wall Street strategist, has voiced his support for Worldcoin [WLD], emphasizing its importance in the age of Artificial Intelligence (AI). He stated that Worldcoin's commitment to unique 'proof of human' verification is 'very important' in the face of increasing AI and Artificial General Intelligence (AGI).

Source: X

Lee has previously noted that his Ethereum [ETH] corporate treasury, managed through BitMine, is driven by stablecoins, tokenization, and AI. He mentioned that Ethereum's zero-knowledge proofs could play a crucial role in verifying AI agents, positioning the network as a foundational layer for the future of AI.

The alignment between Worldcoin's vision and Lee's backing has boosted market sentiment. However, the price has yet to fully reflect this positive outlook.

Potential Catalysts for WLD

Earlier in September, WLD experienced a surge, doubling in price after attracting a new corporate treasury from Eightco Holdings.

Eightco Holdings raised $250 million, partially financed by BitMine, the largest ETH treasury firm globally, which is led by Tom Lee.

Source: Santiment

While network activity initially surged following the treasury update, it has since receded. Nonetheless, market sentiment remains positive, even after a price pullback following the initial 100% rally.

Notably, a major whale wallet that previously sold off over 70 million WLD has reduced its selling pressure, which could pave the way for another bullish attempt.

Source: Santiment

Price charts show the pullback reaching the $1.50 level, potentially increasing the likelihood of a reversal. If WLD reclaims $2, a 45% gain, extending to the recent high of $2.20, becomes a feasible target.

Source: WLD/USDT, TradingView

Overall, WLD functions as an Ethereum beta, reflecting the increasing demand for verification in an environment of more AI agents and bots. This is further reinforced by Tom Lee's investments. Following recent profit-taking, the altcoin may be poised for another price increase.