In a significant market shift, Arthur Hayes, co-founder of Maelstrom, has sold his holdings in Worldcoin (WLD) just days after promoting it as a promising investment in AI. Hayes announced his decision on X, indicating dissatisfaction with recent price trends and confirming, “Dumped WLD. I’m out.”
This sale follows a brief spike in WLD’s price, which reached over $0.60 on Friday after a favorable investor note from Maelstrom researcher Lukas Ruppert. Ruppert had projected WLD could hit $5 by August, but the cryptocurrency has since plummeted to approximately $0.40.
Hayes had previously expressed intentions to hold onto WLD through the upcoming SpaceX IPO on Nasdaq, scheduled for this Friday. His decision to sell has drawn scrutiny, especially given his history of rapidly changing positions on various cryptocurrencies, including ZEC and HYPE, despite earlier optimistic forecasts.