Key Takeaways
- BitMEX co-founder Arthur Hayes liquidated his complete WLD holdings on June 6, referencing SpaceX pre-IPO stock performance as justification
- The token plummeted over 25% within 24 hours, declining from $0.56 to approximately $0.40
- Just days earlier, Hayes publicly forecasted WLD would climb to $10, actively promoting it to his social media audience
- Blockchain investigator ZachXBT questioned whether Hayes manufactured “exit liquidity” through his follower base
- Critical support level exists at $0.35 â losing this threshold could trigger a decline toward $0.23
The co-founder of BitMEX, Arthur Hayes, disclosed on June 6, 2026, that he had liquidated his complete position in Worldcoin (WLD), merely days following an aggressive promotional campaign targeting his substantial social media following.
Hayes announced via X: “This chart is going in the wrong direction. Dumped $WLD. I’m out. See y’all at the clerb.” His justification centered on SpaceX’s pre-IPO stock performance on Hyperliquid, claiming the chart trajectory contradicted his expectations.
The sudden reversal contradicted Hayes’ earlier commitment to maintain his WLD position until SpaceX’s scheduled June 12 IPO listing. He had previously suggested the IPO would deliver explosive results and elevate WLD as an artificial intelligence-related asset.
In prior statements, Hayes boldly projected WLD would surge to $10, leveraging the expanding AI sector as fundamental support. Referencing Elon Musk in a previous post, he declared: “Never bet against Elon.”
The market response to Hayes’ announcement proved immediate and severe. Data from TradingView and crypto.news indicates WLD collapsed from levels exceeding $0.56 down to approximately $0.40, representing a 28% contraction. This positioned the token roughly 35% beneath its recent apex near $0.62.
Blockchain Analyst Criticism
Blockchain investigator ZachXBT issued pointed criticism of Hayes following the position exit. He questioned the volume of “exit liquidity” Hayes potentially extracted from his follower base throughout the preceding days â noting similar patterns involving NEAR, HYPE, and ZEC.
ZachXBT emphasized numerous instances where Hayes promoted WLD with ambitious price targets substantially above market levels, only to liquidate shortly thereafter. Hayes countered by stating he “sold to a willing seller at a price” and justified his trading strategy.
This WLD liquidation represents the latest in a series where Hayes exited complete positions in HYPE, NEAR, and Zcash within a single week. ZEC had already collapsed approximately 50% from recent peaks following disclosure of a critical vulnerability affecting the Orchard shielded pool.
Critical Technical Levels
WLD currently maintains position above the $0.35 support threshold â a level previously functioning as resistance during February and March before converting to support throughout the recent price advance.
CoinGlass liquidation heatmap analysis reveals concentrated liquidity between $0.45 and $0.48, establishing the initial resistance barrier for any potential recovery. More substantial liquidation clusters appear near $0.59â$0.60, approaching this week’s local peak.
Regarding downside risk, leveraged positions concentrate around $0.38â$0.40. Current pricing has already penetrated this zone.
A decisive breach beneath $0.35 would potentially expose $0.23, where Worldcoin established its spring price floor. Technical momentum indicators present conflicting signals, with the MACD maintaining bullish configuration despite price trading significantly below recent highs.
As of June 6, WLD exchanges hands near $0.40â$0.43.
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