BitMEX co-founder and Maelstrom CIO Arthur Hayes drew attention to a falling price chart purporting to show SpaceX shares, even though SpaceX equity is not scheduled to change hands until June 12 through a private sale. The post circulated as Worldcoin’s WLD token fell by about 10%.
Worldcoin slides about 10%
Worldcoin (WLD), the token associated with the biometric-identity project developed by Tools for Humanity, declined roughly 10% during the session. The move extended recent volatility across large-cap tokens and came amid broader risk-off sentiment in crypto markets. No single catalyst was immediately confirmed.
Hayes highlights SpaceX chart ahead of June 12 share window
Hayes referenced a chart depicting a drop in “SpaceX stock,” despite SpaceX remaining privately held. The timing raised questions because trading in SpaceX equity is not expected to commence until June 12 via a secondary transaction window, typically structured as a private tender for employees and existing holders rather than a public market listing.
The origin and authenticity of the chart could not be independently verified. SpaceX has not announced a public listing, and its equity generally changes hands only in private transactions or company-facilitated tenders.
SpaceX equity remains private
SpaceX, founded by Elon Musk, routinely conducts periodic secondary sales to provide liquidity to employees and early investors. These events allow limited share transfers at prices set through private negotiations and do not constitute open-market trading. Any pricing information emerging before a scheduled tender window should be treated with caution given the lack of transparent, continuous price discovery for private securities.
Background on Worldcoin and Hayes
Worldcoin aims to create a global digital identity and financial network, pairing a proof-of-personhood system—facilitated by an iris-scanning device known as the Orb—with the WLD token. The project has attracted significant attention and regulatory scrutiny in multiple jurisdictions over data privacy and compliance practices.
Arthur Hayes co-founded crypto derivatives exchange BitMEX and currently serves as CIO of Maelstrom, a digital assets-focused investment firm. His commentary on market developments often draws wide engagement across crypto-focused social media channels.