WLD plunges 20% as Hayes dumps token a day after saying he would keep holding it
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Crypto investment opinions are changing in less than 24 hours these days.
Key facts
Crypto investment opinions are changing in less than 24 hours these days
Worldcoin it would keep, he said then, while waiting for 'Lord Elon'
referring to Elon Musk
to lift the price
SpaceX trades under the ticker SPCX but does not list on the Nasdaq until June 12, so the price Hayes reacted to is a pre-listing quote from private markets for a company that is not yet public
Pre-listings for SpaceX stock are down more than 50% in the past few days on Hyperliquid, data shows, giving less of a reason for AI bettors to be holding the proxy
Summary
Arthur Hayes, co-founder of BitMEX and head of family office Maelstrom, said he sold the firm’s entire Worldcoin stake on Friday, less than a day after publicly signaling he would keep holding the token. 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 that Worldcoin was meant to proxy. Worldcoin fell about 10 percent in the past 24 hours, part of a broader crypto market decline, with a notable leg down after Hayes announced his exit. Arthur Hayes, co-founder of crypto exchange BitMEX and chief investment officer of family office Maelstrom, said on Friday the firm had sold its entire stake in Worldcoin, the digital token tied to Sam Altman's eye-scanning identity project, a day after he said it would keep holding the token.