Maelstrom co-founder Arthur Hayes said he sold his stake in Worldcoin (WLD) just days after his venture capital firm described it as one of the purest artificial intelligence investment proxies.
“This graph is heading in the wrong direction.” he said Hayes on the X on Saturday, showing a chart of SpaceX’s pre-IPO perpetual futures contract that dropped sharply.
“I threw out WLD. I’m leaving. See you at the official’s,” he added.
It was only on Wednesday that it happened Vortex researcher Lukas Ruppert described Worldcoin as an “overlooked” bet on the “AI mega IPO” predicting WLD will hit $5 by August.
The investors’ note led to a brief rally in WLD, which hit $0.60 on June 5, but has since fallen back to $0.40 on June 7 when Hayes told his 800,000 X followers that he had exited his position.
Hayes earlier he said on criticize sale date.
WLD prices have been highly volatile over the past week. Source: CoinGecko
“The Holy Trinity is dead” – or is it?
WLD adds to the list of crypto assets that Hayes has focused on despite previous bullish comments.
In March, Hayes predicted that Hyperliquid (HYPE) reaches $150 until August and June 1 he said “would outperform any other current top ten cryptocurrencies on a USD basis between now and the end of the year,” but he sold his entire position in assets three days later, citing higher energy prices due to the Iran war, “restocking” and the upcoming “AI mega IPO.”
Related: Hyperliquid bear turns bullish after losing over $46 million in miniature HYPE
May 6 Hayes he said Zcash would reach 10% of Bitcoin’s price. On June 5, he he unloaded his ZEC stash after discovering a critical flaw in its privacy protocol, claiming that “Holy Trinity” HYPE, ZEC and NEAR was “dead”.
However, Hayes appears to have partially changed his position. A wallet associated with Hayes repurchased about 33,978 HYPE worth about $2 million on Monday, after its price fell 26% following its June 4 sale. According to to Arkham Intelligence.
Cointelegraph reached out to Maelstrom for comment but did not receive an immediate response.
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