Key facts
- Worldcoin (WLD) price decreased by 20%.
- BitMEX co-founder Arthur Hayes sold his WLD holdings.
- Hayes cited a falling SpaceX stock chart as a reason for his sale.
- Hayes had previously indicated he would hold the token.
Worldcoin (WLD) saw its price plummet by 20% following a decision by BitMEX co-founder Arthur Hayes to sell his holdings. Hayes, who also serves as Maelstrom CIO, stated that a declining chart of SpaceX stock influenced his decision. This move came just a day after he had expressed his intention to continue holding the token. The article notes that SpaceX's stock is not set to begin trading until June 12, while Worldcoin itself was sliding approximately 10% at the time of the observation.