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Worldcoin plunges 20% after Arthur Hayes dumps entire stake amid SpaceX pre-listing drop

Market News
06 Jun 2026
Coindesk
View Source
Bearish
Worldcoin plunges 20% after Arthur Hayes dumps entire stake amid SpaceX pre-listing drop

Arthur Hayes, co-founder of BitMEX and head of Maelstrom, sold the firm's entire Worldcoin stake just a day after saying he would hold it. He linked his decision to a sharp decline in pre-listing prices of SpaceX shares, which are tied to the AI trade that Worldcoin proxies. Worldcoin's price fell about 10% in 24 hours, with a notable drop following Hayes' announcement, contributing to a broader crypto market decline. This move highlights the volatility and quick shifts in crypto investment sentiment, especially around AI-related assets and pre-market signals from private companies like SpaceX.

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