As global crypto markets reeled from one of the sharpest sell-offs in years, a handful of crypto stocks managed to stay in the green on Oct. 10 led by Eightco Holdings (NASDAQ: ORBS), which surged 16.6% even as Bitcoin and Ethereum sank double digits.
According to SoSoValue data, the total crypto market capitalization dropped 9.46% to $3.84 trillion, with Bitcoin (BTC) falling below $112,500 and Ether (ETH) tumbling over 12% to $3,816.
Nearly every major crypto-linked equity was in the red from Coinbase (COIN) to Marathon Digital (MARA), as Donald Trump's 100% tariffs on China sparked panic selling, liquidating over $19 billion in positions across the market.
Related: Binance to compensate users after technical snag during $19B market crash
Rare winner
Yet, Eightco Holdings stood out as a rare winner.
Trading under the ticker ORBS, the company jumped 16.59% to $9.84 with $164 million in value traded.
Eightco, which operates in the digital commerce and blockchain infrastructure space, focuses on tokenized loyalty and retail payment systems, positioning itself as a bridge between Web2 businesses and blockchain technology.
The company has also been exploring AI integrations and data tokenization tools for e-commerce partners, themes that remain appealing to investors even amid market turmoil.
Related: What is tokenization? Explained
Why is Eightco Holdings surging?
Eightco Holdings' stock skyrocketed after the firm unveiled a new AI authentication pilot program aimed at redefining enterprise security and digital identity verification.
Backed by major investors including Kraken , CoinFund, and Brevan Howard, the initiative positions Eightco as a potential trust layer for global AI systems.
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Launched on Sep. 11, Eightco Holdings rebranded its ticker to ORBS just after raising $270 million to fund a Worldcoin-based treasury strategy and shift toward AI-driven identity solutions.
Originally founded in 1966, the company, formerly known as Cryptyde, Inc. until its April 2023 name change, operates in e-commerce cash flow, inventory management, and custom packaging across North America and Europe.
Crypto market stocks plunge
Crypto-linked equities mirrored the carnage in digital assets this week, with nearly all major blockchain, exchange, and Bitcoin treasury stocks closing sharply lower after Donald Trump's 100% China tariffs rattled markets.
Here's how the biggest names fared:
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Coinbase (COIN) down 8.4%, hit by latency issues as trading volumes spiked.
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MicroStrategy (MSTR) slid 10.2%, tracking Bitcoin's double-digit plunge.
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Circle (CRCL) fell 9.1%, reflecting stablecoin outflows amid panic moves.
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Riot Platforms (RIOT) dropped 7.8%, pressured by weakening mining margins.
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Marathon Digital (MARA) tumbled 9.5%, extending weekly losses past 15%.
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Bitfarms (BITF) dipped 0.7% despite new financing news.
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TeraWulf (WULF) edged down 0.6%, showing relative resilience among miners.
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Metaplanet off 1.8%, tracking Bitcoin treasury sector losses.
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WisdomTree (WT) sank 2.1%, mirroring ETF-linked weakness.
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Fold Holdings (FLD) lost 1.5%, joining a broad decline across BTC treasury names.
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DayDayCook (DDC) fell 1.6%, closing at $9.01.
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Abits (ABTS) marginally down 0.2% despite light trading volume.
The overall crypto stock sector dropped 5.1% in market value to $1.97 trillion, while BTC treasury firms slid 5.4% and exchange-related stocks plunged 8.4%, according to SoSoValue data.
This story was originally reported by TheStreet on Oct 11, 2025, where it first appeared in the Stock Ideas section. Add TheStreet as a Preferred Source by clicking here.
