Worldcoin Plunge Hits 25% as WLD Tests $0.35 Support Amid Hayes Controversy

Key Facts

In a move that has sparked widespread skepticism among traders, Worldcoin's losses have accelerated beyond 25% following controversial justifications from billionaire Arthur Hayes. According to reports, Hayes cited a declining chart for SpaceX stock as the reason for liquidating his entire WLD position. This explanation has drawn intense scrutiny as SpaceX shares are not scheduled to trade until June 12, leading to a massive sell-off that has pushed the token to test a critical support level at $0.35.

This price collapse occurs as AI-linked digital assets face divergent market paths. While peer tokens like NEAR Protocol saw a modest 2% decline per market data, WLD's plunge highlights a specific confidence crisis triggered by whale activity. The discrepancy between Hayes' claims regarding the unlisted SpaceX stock and the actual market timeline suggests that WLD's underperformance is driven more by influencer-driven volatility than by broader sector fundamentals.

Traders should closely watch if WLD can hold the $0.35 level (close June 6, 2026), as a breach could signal further downside. Global attention remains on Fed Chair Powell's speech on May 31, 2026 (per the economic calendar) for macro cues. Additionally, the upcoming SpaceX listing on June 12 remains a key date for those tracking Hayes' narrative, warranting a cautious stance on altcoins sensitive to high-profile influencer sentiment.