WLD plunges 20% as Hayes dumps token a day after saying he would keep holding it

Arthur Hayes, co-founder of BitMEX and chief investment officer of family office Maelstrom, said the firm sold its entire Worldcoin stake on Friday, less than a day after publicly signalling it would keep holding the token. "Dumped $WLD. I'm out. See y'all at the clerb," he wrote, posting a chart of SpaceX stock sliding.

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 Worldcoin was meant to proxy. SpaceX trades under the ticker SPCX but does not list on the Nasdaq until June 12; pre-listings on Hyperliquid are down more than 50% in the past few days.

Worldcoin fell about 10% in the past 24 hours, with a notable leg down after Hayes' tweet. Maelstrom had just sold all of its Zcash, blaming a flaw in its Orchard privacy pool and saying it would rebuy higher if wrong. A day earlier Hayes had said Maelstrom was keeping Worldcoin while waiting for "Lord Elon" to lift the price.

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