Quick Summary
- BitMEX co-founder Arthur Hayes liquidated his complete WLD holdings on June 6, referencing SpaceX pre-IPO stock chart movement as his rationale
- The token plummeted more than 25%, sliding from approximately $0.56 down to roughly $0.40 within a single day
- Just days earlier, Hayes had been bullishly promoting WLD to his audience with a $10 price forecast
- Blockchain investigator ZachXBT accused Hayes of generating “exit liquidity” at his followers’ expense
- Critical technical support level established at $0.35 — losing this floor could trigger a descent toward $0.23
Arthur Hayes, the co-founder of BitMEX exchange, publicly disclosed that he liquidated his complete Worldcoin (WLD) holdings on June 6, 2026, merely days following an aggressive promotional campaign directed at his substantial follower base.
Via a post on X, Hayes declared: “This chart is going in the wrong direction. Dumped $WLD. I’m out. See y’all at the clerb.” His justification centered on the SpaceX pre-IPO stock performance on Hyperliquid, which he indicated was trending unfavorably.
The sudden exit contradicted Hayes’ earlier commitment to his followers that he would maintain his WLD holdings until SpaceX’s scheduled June 12 IPO debut. He had previously argued that the upcoming IPO would deliver spectacular returns and propel WLD higher due to its association with artificial intelligence narratives.
Hayes had boldly forecast a $10 price target for WLD, emphasizing the expanding AI sector as the primary catalyst. In an earlier message referencing Elon Musk, he stated: “Never bet against Elon.”
The market reacted swiftly to Hayes’ disclosure. Data from TradingView and crypto.news indicates the token experienced a dramatic decline from levels above $0.56 down to approximately $0.40, representing a devastating 28% drawdown. This positioned WLD roughly 35% beneath its recent cycle peak around $0.62.
Blockchain Analyst Challenges Hayes’ Actions
Prominent blockchain investigator ZachXBT publicly criticized Hayes immediately following the position exit announcement. He questioned the volume of “exit liquidity” Hayes may have extracted from his own community throughout the preceding days — noting a recurring pattern that also encompassed NEAR, HYPE, and ZEC tokens.
ZachXBT drew attention to numerous posts where Hayes had aggressively promoted WLD with ambitious price targets substantially above current levels, only to abandon his position shortly thereafter. Hayes defended himself by stating he “sold to a willing seller at a price” and justified his trading methodology.
This WLD liquidation follows a seven-day period during which Hayes also exited his complete holdings in HYPE, NEAR, and Zcash. ZEC had already experienced a catastrophic 50% collapse from recent highs following disclosure of a critical vulnerability affecting the Orchard shielded pool.
Critical Technical Levels Under Watch
WLD is presently maintaining position above the $0.35 support threshold — a technical level that previously functioned as resistance throughout February and March before converting to support during the latest upward movement.
CoinGlass liquidation heatmap analytics reveal substantial liquidity concentration between $0.45 and $0.48, representing the initial resistance barrier for any potential recovery scenario. More significant liquidation clusters are positioned near $0.59–$0.60, approximating this week’s local peak.
On the bearish side, leveraged trading positions show concentration around the $0.38–$0.40 zone. Current price action has already penetrated this range.
A decisive breakdown beneath $0.35 could trigger exposure to $0.23, where Worldcoin established its spring cycle bottom. Technical momentum indicators present mixed signals, with the MACD maintaining bullish configuration despite price action retreating significantly from recent highs.
As of June 6, WLD is exchanging hands near the $0.40–$0.43 range.
