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Worldcoin Plunges 19%; Arthur Hayes Says He Sold Entire Stake

Source
Uk Jin

Summary

  • Worldcoin (WLD) plunged 18.74%% from a day earlier to trade at $0.4329 after a recent rally.
  • Worldcoin had climbed as high as $0.60 earlier this week, making it the best-performing cryptocurrency among the top 100 by market capitalization, before giving back part of those gains on June 6.
  • Arthur Hayes said he sold his entire Worldcoin position just a day after saying Maelstrom would continue to hold it, adding, "I'm out now."

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Photo: Lee Su-hyeon, Bloomingbit reporter
Photo: Lee Su-hyeon, Bloomingbit reporter

Worldcoin (WLD), which had been on a strong run in recent days, plunged in trading on June 6.

CoinMarketCap data showed Worldcoin trading at $0.4329 as of 5:35 p.m. Korea time on June 6, down 18.74% from a day earlier.

Worldcoin had climbed as high as $0.60 earlier this week, making it the best-performing cryptocurrency among the top 100 tokens by market capitalization. On June 6, it surrendered part of those gains.

The sharp drop in Worldcoin also prompted Arthur Hayes, the BitMEX co-founder who had backed the token, to exit his position. At about 10 a.m. Korea time on June 6, Hayes wrote, "I sold my Worldcoin. I'm out now."

Hayes had previously said Maelstrom, his investment firm, would continue to hold Worldcoin. He reversed that position a day later.

Photo: Screenshot from BitMEX co-founder Arthur Hayes's X account
Photo: Screenshot from BitMEX co-founder Arthur Hayes's X account
Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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