Shares of Eightco Holdings (Nasdaq: OCTO) surged over 5,700% to $82.98 after announcing a $250 million move to adopt Worldcoin (WLD) as a treasury asset. Pre-market trading on September 9 saw an 11% climb. The firm raised $250 million via private placement and received a $20 million investment from BitMine Immersion.

While the involvement of high-profile names like Sam Altman, Tom Lee, and Dan Ives has attracted attention, analysts caution against the hype. Technical analysis by TipRanks rates OCTO as “Sell” with mixed signals: Neutral RSI, Buy MACD, Sell 50-Day EMA, Buy 200-Day EMA, and Sell ROC. Extreme overvaluation is evident.

Despite the surge, moving average trends indicate extreme overvaluation, with the stock trading over 30 times above its 20-day average. Analyst Carton Boxler maintains a Hold rating with a $43 price target. Experts advise caution and suggest waiting for a pullback or clearer consolidation before considering entry.

With any stock jumping over 5,000% in a day, risks are as real as rewards. This information is for educational purposes only and not financial advice. Always conduct thorough research and consult a licensed financial advisor before investing. Original reporting by TheStreet on Sep 9, 2025, in the Investing section.

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