- Worldcoin price experienced volatility in response to Open AI’s former CEO, Sam Altman’s ouster from the firm and appointment at Microsoft.
- Altman will not return to OpenAI as a CEO, instead X users report the former executive could focus on a new AI venture.
- WLD price climbed to its local top of $2.71, early on Monday.
Sam Altman is the former CEO of American Artificial Intelligence firm, OpenAI, and the co-founder of the crypto project Worldcoin. The events at OpenAI and the leadership changes have influenced the price of the Worldcoin token, WLD. WLD price rallied to $2.71 on Monday.
Also read: Solana sees massive surge in DEX trading activity, TVL climbs 42%
Worldcoin price fluctuates with Sam Altman’s ousting from OpenAI
Sam Altman, now ex-CEO of OpenAI, is associated with Tools for Humanity as a co-founder of the project. Tools for Humanity is the technology firm that developed Worldcoin. The WLD token launched in July 2023.
Worldcoin is a digital identity platform that aims to gather human retina scans to authenticate human users, amidst rapid progress in AI technology. The project uses orbs to gather retina scans from users and rewards them with WLD tokens in exchange for sharing the biometric information.
The Worldcoin project and OpenAI are unrelated, however Altman was the common link between the two firms and events at the latter, therefore, continue to influence WLD price.
While the news of Sam Altman’s exit as OpenAI CEO likely triggered WLD price decline to $2.04 on Sunday, the efforts of OpenAI executives to reinstate Altman as CEO, fueled a recovery. Microsoft CEO, Satya Nadella, announced that Altman alongside other former executives from the AI firm are joining Microsoft. At the time of writing, WLD token is trading at $2.51 on Binance.
The series of events at OpenAI have fueled the AI narrative, tokens like Fetch.ai (FET), SingularityNET (AGIX), and The Graph (GRT) yielded between 3% and 16% daily gains for holders.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Crypto Today: Bitcoin is less than 10% away from all-time high as Ethereum ETF approval anticipation brews
Bitcoin trades around $68,000 early on Monday, less than 10% away from its all-time high of $73,777 on Binance. Ethereum ETF anticipation brews among traders and Ether investment products see inflow of over $45 million in the past week.
Ripple lawsuit settlement likely soon, says Brad Garlinghouse, XRP hovers around $0.60
Ripple (XRP) trades around a key psychological level of $0.60, early on Monday. The altcoin recently made headlines for its highest weekly gain of 2024, over 40%. XRP sustained nearly 21% of the gains from the last seven days.
Solana could cross $200 if these three conditions are met
Solana’s total value locked climbs 18% in July to $5.38 billion, as seen on DeFiLlama. Solana sustains over 20% gains in the past seven days, corrects nearly 3% on Monday. Active addresses and new address count in the Solana network have increased throughout July.
ALT, WLD, ENA, ID set for $200 million token unlocks next week
The crypto market is set to experience another wave of token unlocks next week, with Altlayer (ALT), Worldcoin (WLD), Ethena (ENA), and Space ID (ID) set for a combined token unlock worth about $200 million.
Bitcoin: Will BTC continue its bullish momentum?
Bitcoin (BTC) price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166.