Arthur Hayes Sells All WLD Holdings as Token Drops Over 20%

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
On-chain data from MetaEra shows that on June 6 (UTC+8), Arthur Hayes sold all of his Worldcoin (WLD) holdings. Just under a day earlier, he had stated he would continue holding the token. WLD dropped more than 20% that same day, trading at $0.4319 with a market cap of $2.247 billion. Hayes noted that WLD serves as a liquidity proxy for AI-themed trading. On-chain analysis suggests that if SpaceX’s AI and connectivity business performs well post-IPO, it could benefit the broader AI and tech sector. Meanwhile, the pre-IPO price of SpaceX on Hyperliquid has fallen over 50% in recent days. WLD had risen approximately 70% over the past month, but recent corrections have reduced its one-month gain to around 45%.

According to ME News, on June 6 (UTC+8), Arthur Hayes posted on X that he has fully liquidated his entire holdings of Worldcoin tokens (WLD), less than a day after publicly stating he would continue holding WLD. Market data shows that on June 6, WLD dropped more than 20% at one point and is currently trading at $0.4319, with its market cap falling to $2.247 billion. Hayes viewed WLD as a liquidity proxy for AI-themed trades, noting that as SpaceX increasingly emphasizes AI and connectivity initiatives, a strong IPO performance could boost the broader AI and technology sectors, making WLD an alternative for retail investors unable to directly access SpaceX equity. The pre-IPO price of SpaceX on Hyperliquid has declined over 50% in recent days. Over the past month, WLD had risen approximately 70%, but following recent pullbacks, its one-month gain has narrowed to around 45%. (Source: ODAILY)

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.