Following the announcement of Sam Altman’s departure from OpenAI, the WLD token associated with the iris-scanning biometric project Worldcoin, also founded by Altman, dropped 14%, according to CoinGecko.

Altman was ousted from his position as CEO of OpenAI following a review by the board, which cited a lack of candid communication affecting the board’s responsibilities. This led to a loss of confidence in his leadership by the board

For an idea of how quickly markets are reacting to the news, the price figure had to be updated twice while this post was being written. As of 4:30 p.m. ET on Friday, Worldcoin was trading for $1.89 per token and had a market capitalization of $218 million. In the past 24 hours, the token has seen $141 million worth of volume, roughly 40% of it coming from the WLD and Tether (USDT) trading pair on Binance.

This marks a 42% drop from WLD’s all-time high of $3.30, last seen as Worldcoin came out of beta in July.

The broader AI coins and token category appeared not to be feeling the effects of Altman’s exit. In the past 24 hours, the AI coin market cap (as defined by Go to Source to See Full Article
Author: Stacy Elliott

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