Arthur Hayes Loses Worldcoin (WLD) After Exiting ZEC, NEAR, and HYPE
Former BitMEX CEO Arthur Hayes is facing intense scrutiny after exiting the top four crypto exchanges in a row: ZEC, NEAR, HYPE, and now WLD.
The latest sale came when Hayes wrote on X: “This chart is going in the wrong direction. WLD has been dumped. I’m out. See you all at the shepherds.” The announcement sparked criticism from traders who said that Hayes had made public announcements about these issues a few weeks earlier.
From the “Holy Trinity” to All Out
This argument stems from the fact that Hayes wasn’t just holding these signs—he was actively promoting them.
In May, he named HYPE, ZEC, and NEAR as his “holy trinity”. Earlier this month, he touted Worldcoin as a top performer and urged investors not to bet on Elon Musk.
According to crypto analysts Stacy WallThe WLD convention was closely associated with Hayes’ influence. The token rose from $0.24 to $0.59 in three weeks, gaining about 68% even as the main crypto market fell by about 10%.
$WLD it went from $0.24 to ~$0.59 in three weeks, up to ~68% during the week when the market was down ~10%.
This is not a random altcoin exchange. There is a real logic behind it.
Part of the idea came from Hayes’ investment firm, Maelstrom, which said WLD gave investors a liquid channel to expose themselves to the AI boom. While companies like OpenAI and Anthropic remain inaccessible to public investors, WLD traded at a modest price, prompting Maelstrom to make an offer that could go as high as $5.
How the Symbols Worked
ZEC fell sharply after Hayes’ exit. The stock dropped nearly 30% after revelations about the Orchard Pool crisis and Hayes’ decision to sell his stake.
HYPE and NEAR also faltered after their release, though neither project faced a major crisis at the time. Meanwhile, WLD has faded from the recent rally and returned to $0.50 as the interest surrounding the AI story faded.
Exit Liquidity Discussions Expand
This has led to accusations that Hayes’ supporters may be out of money.
Blockchain Researcher ZachXBT asked Hayes in public, asking: “How much revenue do you get from your followers in the last few days? First NEAR, HYPE, ZEC. Now WLD.”
While some traders see Hayes’ actions as ways to profit from a weakening market, others question why this type of comment was followed and exited so quickly.
Meanwhile, the debate rages on, with many investors watching to see if Hayes is just hanging around, or if his followers are left holding the bag.
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