📝 Executive Summary
The BitMEX co-founder and Maelstrom CIO cited a falling chart of SpaceX stock, which does not begin trading until June 12, as Worldcoin slid about 10%.
Bearish
🤖 90%
Arthur Hayes, BitMEX co-founder and Maelstrom CIO, sold his Worldcoin holdings a day after publicly pledging to keep them, citing a falling SpaceX stock chart. The sale triggered a 20% plunge in WLD, with the token sliding about 10% at the time of the article. The move reflects the heavy influence of influential personalities on crypto token prices.
Catalysts
- ▼ Hayes dumped WLD a day after pledging to hold
- ▼ Hayes cited a falling SpaceX stock chart as reason
Risk Factors
- ▲ SpaceX stock may rebound after June 12 trading debut, nullifying Hayes's bearish signal
- ▲ WLD could attract buyers if influencers like Hayes reverse course again or if broader crypto sentiment improves
▼ Show FAQ (3) ▲ Hide FAQ
What triggered the 20% drop in Worldcoin?
Arthur Hayes sold his WLD tokens, reversing a prior pledge to hold. He justified the move by citing a falling SpaceX stock chart, which intensifying selling pressure and pushed WLD down 20%.
Will Worldcoin price recover?
Recovery hinges on whether the market absorbs the sell-off and whether positive catalysts emerge. If Hayes's reasoning proves irrelevant once SpaceX begins trading on June 12, WLD could stabilize or rebound.
How does SpaceX stock relate to Worldcoin?
There is no fundamental link. Hayes used the SpaceX chart as a personal trading signal, but his influence meant the excuse still dented confidence in WLD.