Arthur Hayes Family Office: Bullish on WLD, August target price $5

Source: Maelstrom, Arthur Hayes Family Office; Translation: @jinsecaijingxz

When SpaceX secretly filed its S-1 prospectus on April 1, high-beta aerospace stocks collectively surged. Rocket Lab (RKLB) soared 165%.

Anthropic has now filed. An AI mega IPO is on the horizon—and the market seems to have overlooked a pure proxy target.

Short Trap

While the AI ​​bull market is in full swing, $WLD has been declining year-to-date (YTD). In March, Worldcoin completed a $65 million over-the-counter (OTC) funding round, of which $25 million was locked for six months. Since then, due to OTC participants hedging their exposure and long/short (L/S) traders continuously pushing down the charts, perpetual contract funding rates have turned deeply negative. This is a textbook example of short pressure.

But these short sellers may end up with a dismal loss. On May 27, WLD/OAI DAT Eightco (ORBS) reported approximately $144 million in cash and cash equivalents on its balance sheet. Even allocating a tiny fraction of these funds to WLD could trigger a reflexive cycle, especially given the projected 43% drop in the daily unlock rate on July 24. ORBS currently holds approximately 283 million WLD, representing about 8.3% of the circulating supply—and this is just the beginning. Capital is frantically chasing exposure to Anthropic and OpenAI. These nested special purpose vehicles (SPVs) are charging exorbitant fees. Valuations have reached hundreds of billions or even trillions of dollars. Meanwhile, WLD's unlocked market capitalization is only $2 billion. In terms of AI valuations, this is a small-cap stock with asymmetric upside potential. WLD doesn't fluctuate much—but once it starts moving, it surges dramatically. Maelstrom target price: $5 by August. Please do your own research. This article does not provide financial advice.