Deep Dive
1. Sei Blockchain Momentum (Mixed Impact)
Overview: WOD’s host chain, Sei, announced its “Giga” upgrade on August 17, promising 50x throughput gains and institutional adoption (CCN). WOD drove 38.95% of Sei’s transactions in June 2025, per on-chain data.
What this means: Sei’s upgrades could enhance WOD’s scalability, attracting developers. However, WOD’s price remains -18.7% over 60 days, reflecting skepticism about execution.
What to look out for: Sei’s mainnet upgrade completion (targeted Q4 2025) and WOD’s transaction share post-upgrade.
2. Oversold Technicals (Bullish Short-Term)
Overview: WOD’s RSI14 hit 23.28 (below 30 = oversold) on August 23, its lowest since July 2025. The price also rebounded from the $0.057 Fibonacci support, aligning with a bullish divergence in trading volume (+7.18% 24h).
What this means: Traders often interpret oversold RSI as a buying signal, especially when paired with rising volume. The MACD histogram (-0.00018), however, shows lingering bearish momentum.
Key level: A sustained break above the 7-day SMA ($0.058) could signal further recovery.
3. In-Game Partnerships (Neutral Impact)
Overview: On August 18, WOD integrated dEmpire of Vampire NFTs, offering exclusive utilities (X post). This followed a July 14 collab with Giggle Academy, adding educational quests.
What this means: Such partnerships drive user retention (WOD claims 3.6M monthly players) but haven’t reversed the token’s macro downtrend. Token burns (245,039 WOD burned in July) add mild deflationary pressure.
Conclusion
WOD’s minor rebound reflects technical buying and Sei’s bullish narrative, but broader skepticism persists due to declining monthly active wallets and competition in Web3 gaming.
Key watch: Can WOD hold above $0.057 support, and will Sei’s upgrades materially boost on-chain activity by September?