Arthur Hayes Bets on Worldcoin Amidst Market Sell-Off: What's the Signal?
Arthur Hayes ditched HYPE, NEAR, and ZEC during the recent market carnage, but WLD remains in his portfolio. On-chain data reveals why this altcoin is different and what could trigger a sell-off.
Arthur Hayes, the BitMEX co-founder, just dumped HYPE, NEAR, and ZEC as the market tanked. His reasoning? Higher energy prices, a wave of AI IPOs, and a predicted market top. He's betting on a shakeout, and his portfolio reflects it.
But Worldcoin (WLD) is the outlier. Hayes is holding WLD, seeing it as a high-beta proxy for the upcoming SpaceX IPO, which he expects to be explosive. This move goes against the grain of his other exits.
The key difference lies in on-chain positioning. While HYPE and NEAR showed signs of distribution with whales and smart money heading for the exits, WLD's data paints a different picture. Every cohort, from public figures to whales and smart traders, is net long on WLD.
So, what's the exit signal for Hayes on WLD? It's simple: watch the smart money. If WLD's smart money index starts to slide like HYPE and NEAR's did, that's the cue. Until then, Hayes is riding the WLD wave, and the data supports his conviction.