Tonight, Bitcoin (BTC) dipped to $61,446, dropping nearly 4%, while Ethereum is sitting at $1,644 and Solana at $64.98 is also looking weak. The big three are all taking a hit tonight, and there’s not a single mainstream coin worth watching.
But there’s a small cap that popped today—WLD, which surged +10.43%, currently priced at $0.5283, peaking at $0.5789.
Here’s the scoop: BitMEX co-founder Arthur Hayes made a big splash calling for WLD to hit $10, but then he straight-up dumped all his WLD in the last couple of days. After he bailed, the price actually rallied, jumping 60% to above $0.55.
Now, that’s a bit of a mind-bender—did the price go up because he exited, or did others pick up the slack after he left? It’s a bit awkward that the guy calling for $10 is the first one to jump ship. Right now, it’s at $0.52, pulling back from its highs, but today it still managed to outperform the market.
To put it bluntly, this kind of "big shot calls it and then runs" happens every now and then in crypto, and the script is usually the same: start with a big claim, build a position, and when the price rises, dump on the followers. Hayes’ version is no different.
On a macro level, the Fed has been sounding hawkish lately, and tightening liquidity expectations are weighing down the whole market, with Bitcoin leading the way down. In this environment, for WLD to still be climbing is quite a feat—though it could also just be a dead cat bounce after a steep drop, so don’t take it too seriously.
Bottom line: that $10 call from the big shot? Just listen, he doesn’t even believe it himself.
$BTC
$WLD
But there’s a small cap that popped today—WLD, which surged +10.43%, currently priced at $0.5283, peaking at $0.5789.
Here’s the scoop: BitMEX co-founder Arthur Hayes made a big splash calling for WLD to hit $10, but then he straight-up dumped all his WLD in the last couple of days. After he bailed, the price actually rallied, jumping 60% to above $0.55.
Now, that’s a bit of a mind-bender—did the price go up because he exited, or did others pick up the slack after he left? It’s a bit awkward that the guy calling for $10 is the first one to jump ship. Right now, it’s at $0.52, pulling back from its highs, but today it still managed to outperform the market.
To put it bluntly, this kind of "big shot calls it and then runs" happens every now and then in crypto, and the script is usually the same: start with a big claim, build a position, and when the price rises, dump on the followers. Hayes’ version is no different.
On a macro level, the Fed has been sounding hawkish lately, and tightening liquidity expectations are weighing down the whole market, with Bitcoin leading the way down. In this environment, for WLD to still be climbing is quite a feat—though it could also just be a dead cat bounce after a steep drop, so don’t take it too seriously.
Bottom line: that $10 call from the big shot? Just listen, he doesn’t even believe it himself.
$BTC
$WLD