- Arthur Hayes sold his Worldcoin (WLD) holdings days after his firm’s research note touted it as a prime AI investment proxy.
- The sale caused confusion as Hayes had earlier said he would hold WLD through the SpaceX IPO expected on June 12.
- This follows a pattern of Hayes quickly reversing bullish stances on assets like Hyperliquid and ZCash, though he recently bought back some HYPE.
- WLD price surged to over $0.60 after the bullish note but fell to $0.40 following Hayes’s exit announcement.
Arthur Hayes, co-founder of Maelstrom, publicly announced on Saturday that he sold his holdings of Worldcoin (WLD), just three days after his venture firm’s researcher labeled it a top bet on AI. He declared “I’m out” on X, citing a chart showing a sharp decline in a SpaceX pre-IPO futures contract. This abrupt pivot came shortly after his firm’s note predicted WLD would reach $5 by August, according to researcher Lukas Ruppert.
The investor note initially propelled WLD’s price to over $0.60 on June 5. Consequently, the token retreated to $0.40 by June 7 after Hayes told his 800,000 followers he had exited. This timing drew criticism, as Hayes had previously said he would hold through the SpaceX IPO expected on June 12.
This marks another rapid reversal from Hayes, who has pivoted on several crypto assets recently. For example, he sold his entire Hyperliquid (HYPE) position on June 4, days after predicting it would “outperform any other current top ten crypto.” He also offloaded his Zcash (ZEC) holdings following a protocol vulnerability, declaring a portfolio “Holy Trinity” dead.
However, Hayes appears to have partially reversed course on Hyperliquid. A wallet linked to him bought back roughly $2 million worth of HYPE on Monday, according to Arkham Intelligence, after the asset fell 26%. Meanwhile, WLD prices have shown extreme volatility throughout the past week.
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