On-chain investigator ZachXBT accused former BitMEX CEO Arthur Hayes on June 6 of selling Worldcoin's WLD token shortly after urging followers to buy it, alleging a pattern of providing 'exit liquidity' across four token trades. Hayes had disclosed a WLD position on June 4, stating he intended to hold through a high-profile listing, then posted 'Dumped WLD. I'm out' alongside a chart after completing the sale. The accusations follow similar exits from ZEC, NEAR, and HYPE tokens within approximately 15 days, reigniting debate over influencer trade disclosures in cryptocurrency markets.
ZachXBT Accuses Hayes of Repeated Exit Pattern
ZachXBT leveled the charge in a series of posts on June 6, arguing that Hayes had repeatedly published bullish calls, drawn buyers in, and then sold quietly. The term 'exit liquidity' describes later buyers whose purchases let a larger holder offload a position without crashing the price. He stated: 'Promote WLD position you claim to be super bullish on multiple times with targets significantly higher than current price. Exit WLD position shortly after.'
In a separate message, ZachXBT asked how much exit liquidity had been created from Hayes' followers 'over the past couple days,' linking the WLD episode to earlier moves in NEAR, the HYPE token and zcash. Each call, he suggested, followed the same arc of promotion and rapid exit rather than a one-off trade gone wrong.
Hayes Disclosed WLD Sale After Completion
Hayes had set up his WLD position only days earlier, telling followers on June 4 that he intended to hold WLD through a high-profile listing, framing it as a wager on artificial intelligence listing momentum. He then reversed course, posting 'Dumped WLD. I'm out' alongside a chart and disclosing the sale after it was completed.
Worldcoin, the iris-scanning identity project co-founded by OpenAI's Sam Altman, issues the WLD token.
Four Token Exits Documented Over Two-Week Period
The WLD exit was the latest in a fast sequence. Hayes dumped his entire ZEC bag yesterday after a vulnerability in the project's Orchard shielded pool was disclosed. The flaw sent the token down nearly 50% before it rebounded about 5%.
Earlier, a Hayes-linked wallet sold the HYPE token near $54 after he had publicly called for $150, then paid a higher price to climb back in. ZachXBT noted that the trades spanned approximately 15 days.
Hayes has not responded to the allegations. Privacy coins such as zcash and identity tokens such as Worldcoin have thinner floats and liquidity than bitcoin or ether.
FAQ
What did ZachXBT accuse Arthur Hayes of doing on June 6?
ZachXBT accused Hayes of selling WLD shortly after promoting it to followers, alleging a pattern of providing 'exit liquidity' across four tokens (WLD, ZEC, NEAR, HYPE) within approximately 15 days. Hayes disclosed the WLD sale after completion.
What does 'exit liquidity' mean in this context?
The term describes later buyers whose purchases allow a larger holder to offload a position without crashing the price. ZachXBT argued Hayes repeatedly published bullish calls, drew buyers in, and then sold quietly.
