WLD plunges 20% as Hayes dumps token a day after saying he would keep holding it
BitMEX co-founder Arthur Hayes sold his entire stake in the Worldcoin (WLD) token just one day after stating he would hold it. The decision followed a decline in the token's value, which Hayes linked to negative market sentiment surrounding SpaceX stock.
Why it matters
The rapid shift in investment strategy highlights the high volatility and speculative nature of the cryptocurrency market.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email WLD plunges 20% as Hayes dumps token a day after saying he would keep holding it The BitMEX co-founder and Maelstrom CIO cited a falling chart of SpaceX stock, which does not begin trading until June 12, as Worldcoin slid about 10%. By Shaurya Malwa Jun 6, 2026, 8:25 a.m. 2 min read Make preferred on What to know : Arthur Hayes, co-founder of BitMEX and head of family office Maelstrom, said he sold the firm’s entire Worldcoin stake on Friday, less than a day after publicly signaling he would keep holding the token. Hayes linked his decision to a sharp drop in pre-listing prices for SpaceX shares, which he had treated as connected to the AI trade that Worldcoin was meant to proxy. Worldcoin fell about 10 percent in the past 24 hours, part of a broader crypto market decline, with a notable leg down after Hayes announced his exit. Crypto investment opinions are changing in less than 24 hours these days.
The article reports on financial market movements and public statements by a known figure without taking a stance on the asset.
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