Arthur Hayes expanded on the idea of Worldcoin from Maelstrom, saying that WLD could be a high-beta proxy for the coming smart IPOs. The call begins with a short-term installation, financing from Eightco, and a reduction in WLD opening later this month.
Hayes, co-founder of BitMEX and Maelstrom’s chief financial officer, laid out the controversy in his bluntest appearance on X. “Read and cry WLD bears,” he wrote. “This shitcoin will be the moon… thanks to AI duh. Don’t screw this shit up.”
The post wrote a Maelstrom research article called “WLD Hated Rally,” written by Lukas Ruppert, which positions Worldcoin as a neglected water project to be showcased by OpenAI-adjacent mining intelligence. Maelstrom’s target is $5 by August, although the company cautioned readers that it is “DYOR” and said the post is “not financial advice.”
Maelstrom Sees Worldcoin (WLD) As An AI Agent
Maelstrom’s main thesis starts with public market behavior around private technology lists. The company pointed to SpaceX’s secret filing of the S-1 on April 1, arguing that businesses connected to the high beta had acted aggressively after it was revealed.
Collaborative Reading
“When SpaceX was kept secret Its S-1 on April 1, high beta names ran,” wrote Maelstrom. “Rocket Lab (RKLB) did 165%. Anthropic has now posted again. AI mega IPOs are coming – and it seems the market has ignored one of the purest proxies. “
The lawyer is WLD. According to Maelstrom, investors are closely following companies such as Anthropic and OpenAIoften through multi-tiered SPVs that charge high fees and mean valuations in the billions or trillions. In contrast, the note says that WLD is trading at an unopened valuation of more than $2 billion, which is less if the market starts to see it as a liquid statement regarding AI’s demand.
“Capital is accelerating the emergence of Anthropic and OpenAI,” wrote Maelstrom. “SPVs charge huge fees. Valuations are in the hundreds of billions and trillions. WLD trades at $2B with no market cap open. Small cap, when it comes to AI valuations. Asymmetric upside.”
Preparation of the Bear Trap
The second part of the thesis is the placement. Maelstrom said that WLD is close to selling AI products despite the interest of its trading partners. The index has declined year-over-year, according to the note, while perp income has fluctuated significantly.
The company linked the same weakness to Worldcoin’s March OTC round, which it said raised $65 million, including $25 million locked up for six months. Since then, Maelstrom argued, OTC participants have been hiding while long-term traders continue to lean on the chart.
Collaborative Reading
“Although the AI bull market has been growing, $WLD is down YTD,” the letter said. “In March, Worldcoin closed a $65M OTC round, with $25M locked up for 6 months. Since then, perp funds have changed significantly as OTC participants are exposed to L/S traders continuing to press down the chart.
The short distance is between the $5 bids. In Maelstrom’s opinion, WLD doesn’t need a regular order to make a big move. It needs an enabler that can force the full shorts to review immediately that new buyers start to treat the brand as an AI ad.
Maelstrom pointed to Eightco Holdings, trading under the ticker ORBS, as another potential move forward. The post described Eightco as a WLD/OAI digital asset and said the company had reported about $144 million in revenue and the like on its May 27 website.
“Even a small split in WLD can cause confusion,” wrote Maelstrom, adding that the daily opening rate should drop 43% on July 24. The company also said that ORBS already has about 283 million WLD, equivalent to about 8.3% of the circulating supply, and said that the company is “just getting started.”
ALL: After X postHayes added: “The SpaceX IPO will melt people’s faces. Keeping WLD on the list next week.” He also revealed that he sold it All of his HYPE is Closer positions.
At press time, WLD traded at $0.5192.
Graphic design by DALL.E, chart from TradingView.com
