The price of Worldcoin (WLD) dropped over 25% when Arthur Hayes sold all of his Worldcoin holdings. This caused a significant price decrease for one of the most successful cryptocurrencies connected to artificial intelligence.
Summary
- Worldcoin price plunged 28% after Arthur Hayes disclosed that Maelstrom had exited its entire WLD position.
- Key support sits at $0.35, with a breakdown potentially opening the door to a retest of $0.23.
- CoinGlass data shows major liquidation clusters at $0.45-$0.48 and near $0.60, creating key levels for traders.
Worldcoin’s (WLD) price dropped sharply on June 6th, falling 28% from over $0.56 to around $0.40. This erased much of the recent gains the token had made. The price is now about 35% lower than its recent high of $0.62. The sell-off gained momentum after Arthur Hayes revealed that Maelstrom had sold all of its WLD holdings, just days after publicly stating they believed in the investment.
The BitMEX co-founder announced the sale in an X post earlier today.
“This chart is going in the wrong direction. Dumped $WLD. I’m out. See y’all at the clerb.”
This chart is going in the wrong direction. Dumped $WLD. I’m out. See y’all at the clerb.
— Arthur Hayes (@CryptoHayes) June 6, 2026
This move continued a recent trend of Hayes selling off investments, following previous sales of HYPE, NEAR, and Zcash.
Hayes initially believed Worldcoin could gain momentum from the current excitement around AI and potential upcoming AI company stock offerings. However, by Friday, he changed his opinion, pointing to a shift in the overall economic environment. Specifically, he noted rising energy prices due to the conflict in Iran and increasing doubts about investments in AI companies.
The price drop happened as enthusiasm for cryptocurrencies faded. Bitcoin fell briefly below $60,000 this week, causing traders to sell off their holdings and leading to significant losses for many altcoins.
Zcash gave an initial indication that Hayes was shifting his investment strategy. As crypto.news previously reported, the price of ZEC dropped almost 50% from its recent peak to $264.80 on June 5th after a security flaw was discovered in its shielded pool. Following this, Hayes sold all of his ZEC holdings, and then exited positions in HYPE, NEAR, and WLD.
Technical structure keeps $0.35 as the key battleground
WLD’s price has dropped significantly after it couldn’t stay above the $0.53 level, which it recently broke through. However, the price is still holding above a key support level around $0.35. This $0.35 mark previously acted as a price ceiling in February and March, but has now become a floor during its recent rise.

Traders have repeatedly managed to hold the price above this level earlier in the year, making it a key point to watch on the chart. If the price falls below $0.35, it could drop significantly, potentially reaching the next support level around $0.23 – the lowest price Worldcoin previously reached.
Technical indicators are giving us mixed signals. The MACD is still showing positive momentum after breaking out last month. Meanwhile, the Aroon indicator suggests the long-term upward trend is likely still intact, even with the recent price dip. Specifically, Aroon Up is high at 86, while Aroon Down is at 0.
Trading volume increased a lot during the recent price surge, causing WLD to jump from around $0.23 to over $0.60 in under two weeks. Price increases this quick often result in sudden drops as traders take profits and highly leveraged trades are closed.
Liquidation clusters reveal the next major risk zones
CoinGlass data reveals a significant amount of potential buying and selling activity clustered between $0.45 and $0.48. This range could present an initial challenge for price increases. Even more substantial liquidation levels are positioned around $0.59 and $0.60, near the recent peak for the week.

However, there’s a risk because a lot of traders have their buy orders clustered between $0.38 and $0.40. The price has now reached that range, which could lead to more price swings if selling pressure continues.
Overall economic conditions continue to create uncertainty. Recent strong job numbers in the U.S. suggest the Federal Reserve may not lower interest rates as quickly as previously thought, and increased tensions in the Middle East have caused energy prices to rise. These factors both contributed to declines in riskier investments over the past week.
Currently, the main goal for those hoping the price will go up is to keep it above $0.35. Staying above this level would maintain the positive trend seen since April and suggest a recovery to $0.45 is still possible. If the price falls below $0.35, it could lead to a larger drop, potentially back down to the $0.23 level that triggered the recent price increase for Worldcoin.
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2026-06-06 13:52