Worldcoin (WLD) Crashes 28% After Arthur Hayes Exits Entire Position

TLDR

• BitMEX co-founder Arthur Hayes liquidated his complete WLD holdings on June 6, referencing the SpaceX pre-IPO chart “moving unfavorably”
• Worldcoin plummeted more than 25%, declining from above $0.56 to approximately $0.40 within a single day
• Before exiting, Hayes had promoted WLD extensively, forecasting a price target of $10
• Blockchain investigator ZachXBT criticized Hayes for potentially creating “exit liquidity” at the expense of his audience
• Critical support level identified at $0.35 — failure to hold could trigger descent toward $0.23

Arthur Hayes, co-founder of the BitMEX cryptocurrency exchange, revealed on June 6, 2026, that he had liquidated his complete holdings in Worldcoin (WLD), mere days following an aggressive promotional campaign directed at his social media audience.

The sudden departure contradicted Hayes’ earlier commitment to maintain his WLD position until SpaceX’s scheduled June 12 IPO debut. He had previously claimed the initial public offering would “melt people’s faces off” and catalyze WLD appreciation due to its AI sector connections.

The market reaction to Hayes’ announcement was immediate and severe. Data from TradingView and crypto.news indicates WLD plunged from levels exceeding $0.56 down to approximately $0.40, representing a decline of roughly 28%. This positioned the token about 35% beneath its recent peak around $0.62.

ZachXBT Responds

Blockchain analyst ZachXBT issued a sharp critique of Hayes immediately following the exit disclosure. He raised questions about the volume of “exit liquidity” Hayes had generated from his follower base throughout recent days — identifying a recurring pattern that also encompassed NEAR, HYPE, and ZEC.

ZachXBT emphasized numerous instances where Hayes had aggressively promoted WLD with ambitious price projections far exceeding current valuations, only to abandon his position soon thereafter. Hayes countered, asserting he “sold to a willing seller at a price” while justifying his trading strategy.

This WLD liquidation follows a seven-day period during which Hayes also eliminated his entire stakes in HYPE, NEAR, and Zcash. ZEC had already experienced a nearly 50% collapse from recent peaks following disclosure of a security vulnerability within the Orchard shielded pool.

Key Price Levels to Watch

WLD is presently maintaining position above the $0.35 support threshold — a price point that previously served as resistance during February and March before converting to support throughout the recent upward movement.

CoinGlass liquidation heatmap analysis reveals concentrated liquidity between $0.45 and $0.48, which would function as initial resistance during any potential recovery. Larger liquidation concentrations exist near $0.59–$0.60, adjacent to this week’s local peak.

Regarding downside risk, leveraged trading positions are clustered around $0.38–$0.40. Current price action has already penetrated this zone.

A breakdown beneath $0.35 could expose the $0.23 level, where Worldcoin established its spring low. Technical momentum indicators present mixed signals, with the MACD maintaining bullish configuration despite price significantly below recent highs.

As of June 6, WLD is exchanging hands near $0.40–$0.43.

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