On-chain researcher ZachXBT made a noteworthy post about BitMEX co-founder Arthur Hayes, questioning his recent token comments and sales.
ZachXBT noted that Hayes frequently changed his views in a short period of time and especially exited his Worldcoin (WLD) position quickly, asking, “How much exit liquidity did he obtain from his followers in the last few days?”
According to ZachXBT, Hayes had previously shared bullish views on various crypto assets such as NEAR, HYPE, and ZEC. However, the latest controversy centered on Worldcoin. After Hayes publicly stated his bullish outlook for WLD, setting price targets well above the current price, his subsequent quick sell-off and exit from the market drew criticism.
Hayes, in a statement regarding the matter, argued that his transactions were entirely within the framework of market conditions. He stated that he sold his assets as long as he found buyers at market prices, adding that if prices continued to rise, investors would consider his selling decision a mistake. Hayes concluded that, in the current situation, his decision proved correct.
Following this, ZachXBT made another post, bringing up Hayes’ past statements about WLD again.
Hayes had previously announced that he liquidated his Worldcoin position and exited the trade because he believed the WLD price movement was “going in the wrong direction.”
*This is not investment advice.
