LUCKNOW (CoinChapter.com) — Sam Altman’s abrupt departure from OpenAI significantly impacted Worldcoin (WLD) price, his eye-scanning global ID project, causing its value to plummet.
Worldcoin experienced a rollercoaster ride, hitting a high of $2.48 on Nov. 16 before a sharp decline following Altman’s ousting on Nov. 17. CoinGecko data reveals a drop to nearly $1.84, reflecting the market’s immediate reaction to the leadership change at OpenAI.
Despite the initial setback, Worldcoin demonstrated resilience, bouncing back with a 12% surge to an intraday high of $2.54 during Monday morning Asian trading. However, the positive momentum was short-lived as the token retreated to $2.30 after Twitch co-founder Emmett Shear officially replaced Altman as CEO of OpenAI.
Will Sam Altman Return?
Founded by Sam Altman in July, Worldcoin’s launch stirred controversy within the crypto community.
Questions about centralization, privacy and security arose, contributing to the market’s uncertainty surrounding the project. Meanwhile, reports indicated efforts by a group of OpenAI executives and investors to reinstate Altman as CEO, added to the speculation surrounding his future involvement in both OpenAI and Worldcoin.
Worldcoin aspires to create a universal ID and financial system, employing retina scanning technology to verify humans in the growing realm of artificial intelligence (AI) technology.
As Worldcoin grappled with leadership changes and market fluctuations, the broader AI-related crypto market experienced notable resilience.
Over the past 24 hours, the market capitalization of AI-related tokens witnessed a 7.2% rise, reaching $6.5 billion. Notable performers included Fetch.ai (FET), SingularityNET (AGIX), and Akash Network (AKT), each registering double-digit gains.