Arthur Hayes Divests from Worldcoin Just Days After AI Prediction by Maelstrom
By Abdus Salam
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In a surprising move that has sent ripples through the cryptocurrency market, Arthur Hayes, renowned co-founder of venture capital firm Maelstrom, has sold his holdings in Worldcoin (WLD) a mere two days after rallying behind its potential as an AI investment vehicle. Hayes’ abrupt decision has left investors questioning the volatility and unpredictability of cryptocurrency valuations.
On Saturday, Hayes took to social media platform X to announce his exit from WLD, remarking, "This chart is going in the wrong direction," while highlighting a troubling trend in SpaceX’s pre-IPO perpetual futures contract. In typical Hayes fashion, he added, “Dumped WLD. I’m out. See y’all at the clerb,” underscoring his no-nonsense approach to trading.
Just days earlier, Maelstrom's internal research had lauded Worldcoin as a compelling entry point into the AI investment realm, with researcher Lukas Ruppert predicting the token could soar to $5 by August. Following this bullish commentary, the WLD token experienced a brief surge, hitting $0.60 on Friday, before plummeting to $0.40 by Sunday, following Hayes' announcement of his divestment.
Hayes had previously signaled intentions to hold onto WLD in anticipation of the upcoming SpaceX IPO set for Nasdaq, leading many to speculate about the timing of his recent sale. The cryptocurrency's erratic price behavior, coupled with Hayes’ swift trading actions, has kept investors on their toes.
This exit from Worldcoin marks yet another chapter in Hayes' increasingly unpredictable trading patterns. Earlier this month, he had predicted that Hyperliquid (HYPE) would reach $150 by August, only to sell off his entire position just days later, attributing his shift to rising energy prices and potential market adjustments spurred by mega AI IPOs.
Hayes further offloaded his Zcash (ZEC) assets after revelations about a significant vulnerability in its privacy protocol, declaring the once-celebrated "Holy Trinity" of HYPE, ZEC, and NEAR as "dead." Yet, in a surprising twist, a wallet linked to Hayes recently acquired approximately 33,978 HYPE tokens, valued at around $2 million, shortly after its price decline.
As the cryptocurrency landscape continues to shift dramatically, Hayes’ rapid-fire trading has prompted analysts and investors alike to ponder not just the implications of his decisions, but the overall stability and future of cryptocurrencies tied to AI developments.
Cointelegraph reached out to Maelstrom for further comments on Hayes’ recent actions but has yet to receive a response.
Source: Cointelegraph