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Arthur Hayes exits WLD after reversal and faces ZachXBT criticism over token sales

Arthur Hayes exits WLD after reversal and faces ZachXBT criticism over token sales

BitMEX co-founder and Maelstrom CIO Arthur Hayes sold WLD on June 6 after unwinding WLD, HYPE, NEAR and ZEC, as ZachXBT questioned whether followers provided exit liquidity.

NEAR
HYPE
WLD

Fact Check
Every concrete element of the claim is corroborated by primary or near-primary evidence. Hayes's own X post on 2026-06-06 ('Dumped $WLD. I'm out.') confirms the sale, and his June 5 post ('still hold $WLD ... excited for Lord Elon to pump our bags') confirms the reversal occurred within roughly a day. CoinDesk confirms the >20% drop and the reversal context. Cryptopolitan confirms the four-token unwind sequence (HYPE, NEAR, ZEC, WLD). Bitget/BlockBeats confirms the intraday low of $0.4319.
Summary

Arthur Hayes, the BitMEX co-founder and Maelstrom CIO, sold his entire WLD position on June 6, completing a rapid retreat from WLD, HYPE, NEAR and ZEC after reversing a bullish Worldcoin thesis within days. WLD briefly fell more than 20% to $0.4319, cutting its market capitalization to $2.247 billion. The same day, on-chain investigator ZachXBT said Hayes had shown a repeated pattern of posting bullish targets before exiting positions and questioned whether followers had provided “exit liquidity.” Hayes said he sold at market prices to willing buyers in line with his trading targets and that he exited WLD because its price action was “going in the wrong direction.”

Terms & Concepts
  • WLD: Worldcoin’s native token.
  • exit liquidity: Buyers whose demand allows earlier holders to sell their positions.
  • high-beta proxy: An asset expected to move more sharply than the broader theme or market it is tied to.