coin-img-ETHETH-8.07%coin-img-BTCBTC-3.60%coin-img-SOLSOL-7.59%coin-img-XRPXRP-5.27%coin-img-USDCUSDC-0.04%coin-img-ADAADA-6.93%coin-img-HYPEHYPE-4.70%coin-img-TONCOINTONCOIN+0.59%coin-img-ETHETH-8.07%coin-img-BTCBTC-3.60%coin-img-SOLSOL-7.59%coin-img-XRPXRP-5.27%coin-img-USDCUSDC-0.04%coin-img-ADAADA-6.93%coin-img-HYPEHYPE-4.70%coin-img-TONCOINTONCOIN+0.59%coin-img-ETHETH-8.07%coin-img-BTCBTC-3.60%coin-img-SOLSOL-7.59%coin-img-XRPXRP-5.27%coin-img-USDCUSDC-0.04%coin-img-ADAADA-6.93%coin-img-HYPEHYPE-4.70%coin-img-TONCOINTONCOIN+0.59%coin-img-ETHETH-8.07%coin-img-BTCBTC-3.60%coin-img-SOLSOL-7.59%coin-img-XRPXRP-5.27%coin-img-USDCUSDC-0.04%coin-img-ADAADA-6.93%coin-img-HYPEHYPE-4.70%coin-img-TONCOINTONCOIN+0.59%

WLD Slides More Than 20%, Market Cap Drops to $2.247 Billion

Huoxing Finance reported that on June 6, market data showed Worldcoin (WLD) briefly falling by more than 20%. The token was last trading at $0.4319, putting its market capitalization at $2.247 billion. Arthur Hayes said in a post on Friday that he has fully sold his entire WLD position, less than a day after saying he would keep holding the token. Hayes had treated WLD as a liquidity proxy for AI-themed trades. His view was that as SpaceX places greater emphasis on AI and connectivity services, a strong IPO could lift broader AI and tech sentiment, with WLD serving as a proxy for retail investors unable to access SpaceX equity directly. That thesis weakened after SpaceX's pre-IPO private-market valuations fell sharply. Data shows the pre-IPO price for SpaceX on Hyperliquid has dropped more than 50% in recent days, reducing demand for AI-themed trades and leading Hayes to reverse course and exit WLD. WLD had climbed about 70% over the past month, outperforming the broader market, but after the latest pullback its one-month gain has narrowed to around 45%.
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