Worldcoin (WLD) experienced a significant drop of approximately 20% on June 6, triggered by the announcement from Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of the Maelstrom Fund, regarding the sale of the fund's entire holdings in the token. This decision came just a day after Hayes had expressed his intention to retain the asset, citing a shift in strategy due to a decline in the preliminary valuations from SpaceX. He had previously considered WLD as a liquid alternative for trading in the AI sector.