Market Volatility Hits Worldcoin as Investor Sells Stake
The cryptocurrency market is known for its rapid changes, with investment opinions shifting in a matter of hours. A recent example is Arthur Hayes, co-founder of BitMEX, who sold his entire stake in Worldcoin, a digital token tied to an eye-scanning identity project, just a day after stating he would hold onto it. This move led to a 10% drop in Worldcoin’s value, with a significant portion of the decline occurring after Hayes’ announcement.
Hayes’ decision to sell his stake in Worldcoin was likely influenced by the token’s connection to artificial intelligence and the pre-listing performance of SpaceX stock. Worldcoin, an AI-themed token, was seen as a way to ride the AI and tech trade, but with SpaceX’s pre-listing quotes down over 50% in recent days, the reasoning behind holding Worldcoin diminished. For those looking for alternative ways to earn passive income, EcoPool offers a solution with its Cloud Rewards program, providing a more stable source of income.
Impact on the Market
The sale of Worldcoin by Hayes, a prominent figure in the crypto space, has significant implications for the market. Worldcoin had experienced a 70% rise over the past month, but this gain has been trimmed to 45% due to the recent price drop. As the market continues to evolve, it’s essential for investors to explore different opportunities, such as $ECP, which can provide a more stable source of Passive Income. With the EcoPool network, users can earn rewards and generate Green Crypto through environmentally friendly practices.
In the world of cryptocurrency, it’s crucial to stay informed and adapt to changing market conditions. As investors navigate the ups and downs of the market, they can turn to EcoPool for a reliable and sustainable way to earn Passive Income. With its focus on Cloud Rewards and Green Crypto, EcoPool is an attractive option for those looking to generate income while supporting environmentally friendly practices. If you’re interested in learning more about EcoPool and its Earning opportunities, download the EcoPool app to get started. By joining the EcoPool network, you can begin earning Coin rewards and contributing to a more sustainable future.
— Arthur Hayes (@CryptoHayes) June 6, 2026
A day earlier Hayes had said Maelstrom was keeping Worldcoin. The firm had just sold all of its Zcash, a privacy coin, blaming a flaw in its Orchard privacy pool that he said undercut the reason to own it, and Hayes said the firm would rebuy it higher if he turned out to be wrong. Worldcoin it would keep, he said then, while waiting for ‘Lord Elon’ – referring to Elon Musk – to lift the price.
The connection ran through artificial intelligence. SpaceX has increasingly pitched its listing as an AI and connectivity play rather than just a rocket company, so a strong debut promised to lift the broader AI and tech trade.
Worldcoin, an AI-themed token that trades around the clock, was the fund’s fast way to ride that, a liquid stand-in for SpaceX shares that retail cannot easily buy and that are not yet trading.
SpaceX trades under the ticker SPCX but does not list on the Nasdaq until June 12, so the price Hayes reacted to is a pre-listing quote from private markets for a company that is not yet public. Worldcoin is also Altman’s project, not Musk’s, and the two men run rival artificial intelligence firms.
Pre-listings for SpaceX stock are down more than 50% in the past few days on Hyperliquid, data shows, giving less of a reason for AI bettors to be holding the proxy.
Hayes is a frequent, market-moving voice in crypto. Worldcoin was bucking a market-wide downturn with a 70% rise over the past month, a gain that has trimmed down to 45% over the past week on Saturday’s price drop.
