When SpaceX confidentially filed its S-1 on April 1, high-beta space names ran. Rocket Lab (RKLB) rallied 165%. Anthropic has now filed as well. The AI mega IPOs are coming - and it appears the market has overlooked one of the cleanest proxies.
Research by @lukasruppert
Bear Trap
While the AI bull market has been raging, $WLD is down YTD. In March, Worldcoin closed a $65M OTC round, with $25M locked for six months. Since then, perp funding has turned deeply negative as OTC participants hedge exposure and L/S traders continue pressing a down-only chart. Textbook short overhang. But those shorts could end in tears.
On May 27, Eightco ($ORBS), a WLD/OAI DAT, reported approximately $144M of cash and equivalents on its balance sheet. Even a modest allocation into WLD could trigger a reflexive loop, especially as the daily unlock rate is set to drop 43% on July 24. $ORBS already holds ~283M WLD, ~8.3% of circulating supply - and it’s just getting started.
Altman Call Option
Capital is aggressively chasing Anthropic and OpenAI exposure. Layered SPVs are charging egregious fees. Valuations are in the hundreds of billions and trillions. $WLD trades at $2B unlocked market cap. A small cap, when it comes to AI valuations. Asymmetric upside.
$WLD doesn’t move often - but when it does, it moves aggressively. Maelstrom target: $5 by August. DYOR. Not financial advice.
