Worldcoin price dives over 25% as Arthur Hayes exits WLD, will $0.35 support break?

Worldcoin price has plunged more than 25% after Arthur Hayes closed his entire $WLD position, triggering a sharp reversal in one of the crypto market’s strongest AI-linked trades.

According to data, Worldcoin ($WLD) price plunged 28% from above $0.56 to around $0.40 on June 6, wiping out a significant portion of the token’s recent rally. The decline left $WLD roughly 35% below its recent peak near $0.62 as selling accelerated after Arthur Hayes disclosed that Maelstrom had exited its entire position just days after publicly defending the trade.

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.”

The decision represented another major portfolio reduction after Hayes recently disclosed exits from $HYPE, $NEAR, and Zcash.

Hayes had previously argued that Worldcoin could benefit from enthusiasm surrounding artificial intelligence-related assets and upcoming AI IPOs. By Friday, however, he had abandoned the thesis and cited a changing macro backdrop that included higher energy prices linked to the Iran conflict and growing uncertainty surrounding AI-focused investments.

The reversal came as speculative sentiment weakened across crypto markets. Bitcoin (BTC) briefly slipped below the $60,000 support area this week, triggering broad risk reduction among traders and contributing to heavy liquidations across altcoins.

Zcash provided an early warning of Hayes’ changing stance. As reported earlier, $ZEC crashed nearly 50% from its recent high to an intraday low of $264.80 on June 5 after disclosure of the Orchard shielded pool vulnerability. Hayes subsequently liquidated his entire $ZEC position, followed by exits from $HYPE, $NEAR, and finally $WLD.

Technical structure keeps $0.35 as the key battleground

The daily chart shows $WLD retreating sharply after failing to hold above the recent breakout area near $0.53. Despite the selloff, $WLD price remains above a major support zone around $0.35, a level that acted as resistance throughout February and March before turning into support during the latest advance.

Worldcoin daily price chart — June 6

Buyers successfully defended that area multiple times earlier this year, making it the most important level on the chart. A decisive break below $0.35 could expose the next major support near $0.23, where Worldcoin formed its spring bottom.

Momentum indicators present a mixed picture. The MACD remains in bullish territory, with the signal line still above the zero axis following last month’s breakout. At the same time, the Aroon indicator shows Aroon Up near 86 while Aroon Down sits at 0, suggesting the longer-term uptrend has not been fully invalidated despite the recent correction.

Volume expanded significantly during the recent rally, pushing $WLD from roughly $0.23 to above $0.60 in less than two weeks. Such rapid advances often lead to sharp retracements as traders lock in profits and leveraged positions unwind.

Liquidation clusters reveal the next major risk zones

Liquidation heatmap data shows a dense concentration of liquidity between $0.45 and $0.48, an area likely to act as the first resistance zone if buyers attempt a recovery. Larger liquidation pools remain stacked near $0.59 and $0.60, close to this week’s local high.

Worldcoin liquidation heatmap

On the downside, leveraged positions are concentrated around the $0.38 to $0.40 region. Price has already entered that area, increasing the risk of additional volatility if sellers continue pressing lower.

Macro conditions remain another source of uncertainty. Stronger-than-expected U.S. labor data has reduced expectations for short-term Federal Reserve easing, while geopolitical tensions in the Middle East have pushed energy prices higher. Both developments have weighed on speculative assets during the past week.

For bulls, defending $0.35 remains the primary objective. Holding above that level would preserve the higher-low structure established since April and keep the possibility of a rebound toward $0.45 alive. A breakdown below support, however, could open the door to a deeper retracement toward the $0.23 base that launched Worldcoin’s recent rally.