Arthur Hayes exits WLD after abnormal SPCXUSD chart move, extending crypto selloff

Arthur Hayes publicly promoted ZEC, NEAR and WLD before selling near local highs, disclosing that he had exited the positions and turned more bearish, with the three tokens later retreating to levels seen before his public endorsements. Hayes had already said he sold all of his WLD holdings after describing the SPCXUSD chart as “abnormal” and saying the token was moving “in the wrong direction,” extending a broader retreat that previously included full exits from HYPE, NEAR and ZEC. His shift marked a sharp reversal from earlier bullish comments on HYPE, NEAR and ZEC and drew criticism from some X users. He had tied his more cautious market view to tighter liquidity conditions, higher energy prices linked to the war in the Middle East and inventory restocking, the prospect of major AI IPOs diverting capital from digital assets, and his belief that markets may peak between now and September. He also warned that President Donald Trump could adopt an anti-AI stance ahead of the Nov. 3 U.S. midterm elections, which he suggested could weigh on NEAR because the project has positioned itself as an AI-native blockchain.