Overview
- Arthur Hayes disclosed on X that he sold his full Worldcoin (WLD) position on Saturday, triggering a rapid market reaction that pushed the token down roughly 25–28% into the $0.40–$0.43 range.
- Hayes had promoted WLD days earlier with bullish price targets and a pledge to hold through a SpaceX IPO, and he defended the sale by saying he sold to willing buyers at market prices.
- On-chain investigator ZachXBT and other community members accused Hayes of creating 'exit liquidity' by promoting tokens before selling, a charge Hayes rejected in public responses.
- Traders now focus on technical risk for WLD, with immediate support near $0.35 and a potential deeper retest toward about $0.23 if that level breaks, while dense liquidation clusters sit around $0.38–$0.40 and resistance at $0.45–$0.48.
- The episode highlights wider tensions in crypto between influencer-driven narratives, token supply mechanics and project risks for Worldcoin, including regulatory and privacy concerns tied to its iris‑scanning identity product.