BitMEX co-founder Arthur Hayes publicly announced he had sold his entire Worldcoin (WLD) position on June 6, 2026, just days after publicly promoting the token to his followers.
In an X post, Hayes wrote: “This chart is going in the wrong direction. Dumped $WLD. I’m out. See y’all at the clerb.” He pointed to the SpaceX pre-IPO stock on Hyperliquid as his reasoning, saying the chart was moving against him.
The exit came despite Hayes previously telling followers he would hold WLD through SpaceX’s June 12 IPO listing. He had argued the IPO would “melt people’s faces off” and boost WLD as an AI-linked asset.
Hayes had also publicly predicted WLD would reach $10, citing the broader AI trade as a driver. He referenced Elon Musk in an earlier post, writing: “Never bet against Elon.”
The announcement sent WLD sharply lower. According to TradingView and crypto.news data, the token dropped from above $0.56 to around $0.40, a fall of roughly 28%. That left WLD about 35% below its recent peak near $0.62.
On-chain analyst ZachXBT called out Hayes shortly after the exit was announced. He questioned how much “exit liquidity” Hayes had created from his own followers over the past few days — pointing to a pattern that also included NEAR, HYPE, and ZEC.
ZachXBT Questions Arthur Hayes of Touting Tokens Before Selling
Following a post by Arthur Hayes stating that he had sold his WLD holdings and exited the position, on-chain investigator ZachXBT publicly questioned how much exit liquidity Hayes had generated from his followers… pic.twitter.com/HtoT78yjgp
— Wu Blockchain (@WuBlockchain) June 6, 2026
ZachXBT highlighted multiple posts where Hayes had shilled WLD with targets far above the current price, before exiting his position shortly after. Hayes responded, saying he “sold to a willing seller at a price” and defended his trading decision.
This WLD exit follows a week in which Hayes also sold his full positions in HYPE, NEAR, and Zcash. ZEC had already crashed nearly 50% from its recent high after a disclosed vulnerability in the Orchard shielded pool.
WLD is currently holding above the $0.35 support zone — a level that acted as resistance in February and March before flipping to support during the recent rally.
CoinGlass liquidation heatmap data shows dense liquidity between $0.45 and $0.48, which would act as the first resistance on any recovery attempt. Larger liquidation clusters sit near $0.59–$0.60, close to this week’s local high.
On the downside, leveraged positions are concentrated around $0.38–$0.40. Price has already entered that range.
A break below $0.35 could expose $0.23, where Worldcoin formed its spring bottom. Momentum indicators remain mixed, with the MACD still in bullish territory but price well off recent highs.
As of June 6, WLD is trading near $0.40–$0.43.
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