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 from crypto.news, 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.”