WLD plunges 20% as Hayes dumps token a day after saying he would keep holding it
60-second summary
Worldcoin's WLD token plummets 20% as Arthur Hayes, BitMEX co-founder and Maelstrom CIO, unexpectedly dumps the token just a day after stating he would hold it, citing a falling chart of SpaceX stock, which begins trading on June 12, causing a ripple effect and a 10% slide in WLD's price, impacting the cryptocurrency market's sentiment and investor confidence.
The BitMEX co-founder and Maelstrom CIO cited a falling chart of SpaceX stock, which does not begin trading until June 12, as Worldcoin slid about 10%.