After NEAR, HYPE, and ZEC, Arthur Hayes Calls A Bull Market For Sam Altman's WLD Token Ahead Of OpenAI IPO

• Worldcoin outperformed Bitcoin in the last 24 hours, after Arthur Hayes publicly called for a bull market in the token.
• The rally extends WLD’s recovery to more than 80% from its record low reached in mid-May.
• Despite the rebound, WLD remains more than 96% below its all-time high seen two years ago.

Arthur Hayes, the chief investment officer at Maelstrom and co-founder of the BitMEX exchange, called for a rally in Sam Altman-backed Worldcoin (WLD) on Tuesday as the token rose nearly 80% from its recent record low.

“Arise Chikun! WLD initiate bull market” Hayes wrote on X, asking the crypto token to “wake up.” In multiple interviews since Bitcoin’s (BTC) October high, Hayes has repeatedly stated that he’s now more focused on altcoins than on Bitcoin. While he’s still bullish on BTC in the long-run, he believes that altcoins are more likely to deliver higher gains. 

Prior to his call on WLD, Hayes has confirmed positions in Hyperliquid (HYPE), Near Protocol (NEAR) and Zcash (ZEC) – all three of the ‘Holy Trinity’ have recently hit record highs. 

The WLD token’s price jumped more than 12% in the last 24 hours to around $0.42 and has gained more than 80% since hitting its record low of $0.23 in mid-May. It was among the top trending cryptocurrencies on Stocktwits at the time of writing as it outperformed Bitcoin, which fell more than 5% in the last 24 hours. 

Retail Traders Tie WLD Momentum To Sam Altman

Despite the uptick, WLD’s price remains more than 96% below its record high of $11.74 seen over two years ago. However, retail sentiment around Worldcoin on Stocktwits trended in ‘extremely bullish’ territory over the past day, with chatter at ‘extremely high’ levels. 

Some traders on Stocktwits linked the rise in WLD’s price to buzz around another Altman project – OpenAI and its upcoming initial public offering (IPO).

One retail trader said that the jump in WLD’s price, while Dogecoin (DOGE) edged lower, was an example of how Altman compares to Tesla (TSLA) CEO Elon Musk, also known as ‘Dogefather.’

The rally in the WLD token did not result in a bullish run for Dan Ives-backed Eightco Holdings (ORBS), which holds around 277 million WLD tokens on its balance sheet and is the largest institutional holder of Worldcoin.

WLD’s token has fallen over 12% this year and is down more than 63% over the past 12 months.

Read also: Why Is Bitcoin Under $70K – Mt. Gox, Michael Saylor, And Iran Threat Pressure Markets

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