While the Bitcoin price fell below $64,000 on Thursday morning, Hong Kong time, it fell about 5 percent during the day. However, some narrative-driven crypto assets have continued to attract investor interest.
Worldcoin attracted attention
Worldcoin was among the prominent assets of the day. According to CoinDesk data, WLD rose 33 percent in the last 24 hours. Its weekly increase approached 60 percent. The news also shared the information that Arthur Hayes stated a target of $10 for this token.
Arthur Hayes’ family office, Maelstrom, argued in a recent memo that Worldcoin could stand out. The fund stated that at a time when market interest in artificial intelligence companies is increasing, limited public and liquid options may put Worldcoin at an advantage.
According to Maelstrom, Worldcoin may stand out as one of the limited means of representing investment interest in leading artificial intelligence companies in the public markets.
The note pointed out the interest surrounding SpaceX’s confidential IPO application and the news that Anthropic was preparing to go public. Maelstrom suggested that due to the connection with OpenAI CEO Sam Altman, Worldcoin could be seen as a liquid proxy for investor interest in the artificial intelligence theme.
Mini dictionary: Liquid representation instrument refers to assets that can be easily bought and sold on the stock exchange, to which investors turn with the expectation of similar pricing to a theme or company that they cannot directly access. Worldcoin is evaluated within this framework with its digital identity and token structure.
Other emerging tokens
Despite the weak course of the market, not only WLD stood out. Ethena’s ENA token gained 17 percent in value in the last 24 hours. hyperliquid‘s HYPE token rose by 4 percent, bringing its weekly gain to over 25 percent.
Ondo Finance’s ONDO token also increased by 4.5 percent. This move signaled continued investor interest in tokenized real-world assets. The field in question has been watched more recently as traditional financial products have been moved to blockchain-based structures.
The narrative theme remains effective
The data revealed that while bitcoin pulled back, there was no similar directional weakness in the market as a whole. Projects with strong narratives, especially artificial intelligence and real-world assets, showed that risk appetite continues selectively.
Accordingly, it was reported that investors continued to turn to tokens clustered around certain themes, despite the broad market decline. It is evaluated that price movements may depend on the strength of these narratives in the short term.
