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Arthur Hayes-linked crypto tokens plunge, with ZEC down over 61% amid retail backlash and market debate.

Market News
06 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Several cryptocurrencies promoted by Arthur Hayes, including ZEC, NEAR, HYPE, and WLD, have experienced sharp declines, with ZEC losing over 61% from recent highs. This has sparked debate about the influence of high-profile investors on retail traders, especially after claims that Hayes exited his WLD position shortly after endorsing it. Despite the volatility, Worldcoin (WLD) is currently testing a critical support zone between $0.40 and $0.43, which could determine its next price direction. Traders are closely watching for signs of recovery or further decline in this key demand area.

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