Arthur Hayes Unloads Worldcoin Stake Amid AI IPO Frenzy

Arthur Hayes, a well-known figure in the cryptocurrency space, has sold off his entire position in Worldcoin's WLD token. This decision led to a significant price drop of 11% for the token.

In a recent prediction made by Maelstrom, the company suggested that Worldcoin's WLD token would surge due to its connection to the AI IPO boom. The prediction was tied to the upcoming initial public offerings (IPOs) of several prominent AI companies, including OpenAI and Anthropic.

OpenAI filed for an IPO on May 22, aiming to raise $60 billion with a valuation of up to $1 trillion. Anthropic followed suit with its own confidential filing on June 1, after securing a $6.5 billion funding round that valued the company at $96.5 billion.

WLD's current market cap stands at approximately $2 billion, which is significantly lower than the private valuations of these AI companies.