ZachXBT Blasts Arthur Hayes, Says He Used Worldcoin Buyers as Exit Liquidity
Summary
- On-chain investigator ZachXBT criticized Arthur Hayes, saying he made bullish calls on Near Protocol (NEAR), Hyperliquid (HYPE), Zcash (ZEC) and Worldcoin (WLD) before later exiting those positions.
- ZachXBT said Hayes set a lofty price target for Worldcoin (WLD) and then sold his entire holding within a short period, using followers as exit liquidity.
- Hayes said he simply sold once his target price was reached, but ZachXBT reiterated that repeatedly making bullish calls and then quickly closing positions could affect market participants.
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Prominent on-chain investigator ZachXBT lashed out at BitMEX co-founder Arthur Hayes over his trading behavior.
In a post on X on June 6, ZachXBT publicly criticized Hayes, asking how much exit liquidity he had taken from followers over the past few days.
ZachXBT said Hayes had previously made bullish calls on Near Protocol (NEAR), Hyperliquid (HYPE) and Zcash (ZEC) before closing those positions. More recently, he alleged, Hayes repeatedly expressed strong optimism on Worldcoin (WLD) and floated a price target far above current levels, only to sell his entire stake within a short period.
Hayes pushed back, saying he had merely sold his assets to buyers once his target price was reached. Had the token kept rising afterward, people would have called the sale a mistake, he wrote, adding that this time he simply happened to be right.
ZachXBT later renewed the criticism by reposting Hayes's past bullish comments on Worldcoin. Repeatedly making public bullish calls and then quickly unwinding a position can influence market participants, he wrote.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
