TLDR
- BitMEX co-founder Arthur Hayes liquidated his complete WLD holdings on June 6, blaming the SpaceX pre-IPO chart for “moving in the wrong direction”
- The token plunged more than 25%, sliding from $0.56+ to approximately $0.40 within a single day
- Days earlier, Hayes had aggressively promoted WLD with a $10 price forecast to his social media audience
- Blockchain detective ZachXBT accused Hayes of providing “exit liquidity” at the expense of his followers
- Critical support level established at $0.35 — losing this floor could trigger a decline toward $0.23
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, revealed on June 6, 2026, that he had liquidated his complete Worldcoin (WLD) holdings, mere days following an aggressive promotional campaign targeting his substantial follower base.
Hayes announced his departure via X (formerly Twitter), stating: “This chart is going in the wrong direction. Dumped $WLD. I’m out. See y’all at the clerb.” His rationale centered on the deteriorating SpaceX pre-IPO stock chart on Hyperliquid, which he claimed was trending unfavorably.
The abrupt exit contradicted Hayes’ earlier commitment to maintain his WLD position through SpaceX’s scheduled June 12 IPO launch. He had previously assured followers that the public offering would “melt people’s faces off” and propel WLD higher due to its association with artificial intelligence.
In prior statements, Hayes had confidently forecasted that WLD would climb to $10, positioning the AI narrative as the primary catalyst. Referencing tech entrepreneur Elon Musk, he had declared: “Never bet against Elon.”
The revelation triggered an immediate sell-off in WLD. Market data from TradingView and crypto.news indicates the token plummeted from levels exceeding $0.56 down to approximately $0.40, representing a brutal 28% decline. This left WLD trading roughly 35% beneath its recent high near $0.62.
ZachXBT Calls Out Hayes
Prominent blockchain investigator ZachXBT didn’t hesitate to criticize Hayes following the exit announcement. He raised concerns about the volume of “exit liquidity” Hayes may have extracted from his followers during the promotional period — noting a similar pattern with tokens including NEAR, HYPE, and ZEC.
ZachXBT drew attention to numerous social media posts where Hayes had enthusiastically promoted WLD with ambitious price targets well above current levels, only to abandon his position shortly thereafter. Hayes defended himself, asserting he “sold to a willing seller at a price” and stood by his trading choices.
This Worldcoin divestment caps a volatile week during which Hayes also exited full positions in HYPE, NEAR, and Zcash. Notably, ZEC had already suffered a devastating 50% collapse from recent peaks following the disclosure of a critical vulnerability affecting the Orchard shielded pool.
Critical Price Zones Under Watch
WLD currently maintains a position above the crucial $0.35 support threshold — a level that previously functioned as resistance during February and March before converting to support throughout the recent uptrend.
According to CoinGlass liquidation heatmap analytics, substantial liquidity concentrations exist between $0.45 and $0.48, establishing the initial resistance barrier for any potential rebound. More significant liquidation clusters are positioned near $0.59–$0.60, approaching this week’s local peak.
On the bearish side, leveraged long positions are heavily concentrated around the $0.38–$0.40 range. Current pricing has already penetrated this zone.
A decisive break beneath $0.35 could expose the $0.23 level, where Worldcoin established its spring bottom earlier this year. Technical momentum indicators present a mixed picture, with the MACD maintaining bullish configuration despite price action retreating significantly from recent highs.
As of June 6, WLD trades in the $0.40–$0.43 range.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
