Hayes revealed the recently found Orchard Pool vulnerability as the rationale behind taking profit on Zcash. Meanwhile, the Maelstrom CIO had earlier sold off his entire HYPE and NEAR holdings, citing higher energy prices (due to the war in Iran), imminent US IPOs, and a rising anti-AI political stance.
Was It All Hype?As Hayes dumped his Zcash positions, he announced his continued exposure to Worldcoin, citing his expectation that SpaceX’s IPO would catalyze WLD’s move higher. The crypto founder went on to say, “never bet against Elon,” as the price of Worldcoin remained fairly steady during Friday’s market storm.
Exit liquidity refers to a concept where early buyers or investors are able to successfully sell off their holdings when new buyers enter the market. Although not entirely limited to scams, this concept is often linked to “pump and dump” or “market manipulation” schemes, in which holders with significant followings and influence hype an asset before exiting at a high price.
The BitMEX founder rebuffed the idea that he used his followers as exit liquidity, saying that he sold to a willing buyer at a price. “Prices could be higher, and then I would be called a dumb ass. I just happened to call it right this time as it regards to my trading goals,” Hayes wrote on X.
WLD Price At A GlanceShortly after Hayes disclosed that he was offloading his WLD holdings, the altcoin’s value dropped by almost 30% before recovering. As of this writing, the price of Worldcoin stands at around $0.4228, with an over 20% decline still on the books over the past day.
