Arthur Hayes Dumps Worldcoin, Blames SpaceX Pre-IPO Slide

Arthur Hayes Dumps Worldcoin, Citing Downtrend in SpaceX's Pre-IPO Stock

1 hour ago

By Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

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Highlights

Arthur Hayes said he had dumped his WLD holdings. He alluded to how the SpaceX pre-IPO stock was dumping, suggesting this prompted his decision. WLD is down over 18% amid this development.

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BitMEX co-founder Arthur Hayes revealed that he has offloaded his Worldcoin (WLD) holdings, just days after shilling the OpenAI-linked token. He cited SpaceX's pre-IPO stock downtrend performance, suggesting it was the reason for this decision.

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Hayes Offloads Worldcoin, Alludes To SpaceX's Pre-IPO Stock

In an X post, the BitMEX co-founder said that he had dumped his WLD holdings. "I'm out. See y'all at the clerb," he said. He also alluded to the SpaceX pre-IPO stock on Hyperliquid, stating that the "chart was going in the wrong direction." It is worth noting that Hayes has, in recent days, shilled Worldcoin and cited the SpaceX IPO as the reason he was bullish on the AI token. In an earlier X post, he said, "That outperformance is $WLD. Never bet against Elon."

That outperformance is $WLD. Never bet against Elon … pic.twitter.com/gZLJbYnenT

— Arthur Hayes (@CryptoHayes) June 5, 2026

The BitMEX founder had also mentioned earlier that he would hold WLD through SpaceX's listing next week because he believes the IPO is going to "melt people's faces off." However, that hasn't been the case as he has now offloaded his coins ahead of the June 12 IPO. The Worldcoin price has dropped significantly amid Hayes' revelation that he has dumped his WLD holdings. The token is currently trading at around $0.43, down over 18% in the last 24 hours, according to TradingView data.

Source: TradingView; Worldcoin daily chart

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ZachXBT Calls Out Arthur Hayes

On-chain sleuth ZachXBT called out the BitMEX co-founder, asking how much exit liquidity he had created from his followers over the past couple of days. He noted that first it was NEAR, HYPE, and ZEC, and now WLD. As CoinGape reported, Hayes sold his entire holdings in HYPE, ZEC, and NEAR earlier this week. ZachXBT highlighted several of Hayes's recent X posts in which he shilled WLD and said that he was going to hold the token because "Lord Elon" will pump his bags, likely in reference to the SpaceX IPO. The BitMEX founder also said that WLD was going to $10 because of the AI trade, with AI appearing to be grabbing the liquidity at the moment.

In response to ZachXBT, Hayes said that he sold to a willing seller at a price. "Prices could be higher and then I would be called a dumb ass. I just happened to call it right this time as it regards to my trading goals," he added.