Sam Altman’s OpenAI ouster sees rollercoaster Worldcoin price

Worldcoin (WLD) prices dropped over the weekend as Sam Altman was outed from OpenAI, but tapped a four-month high late on Nov. 19 as reports emerged the AI firm was looking to bring him back.
Worldcoin (WLD) prices dropped over the weekend as Sam Altman was outed from OpenAI, but tapped a four-month high late on Nov. 19 as reports emerged the AI firm was looking to bring him back.

Worldcoin (WLD), the token of Sam Altman’s retina-scanning project of the same name, saw major volatility over the past few days as he was ousted from OpenAI and reported to be in talks to make a return before finally being replaced.

WLD saw a Nov. 16 high of $2.48 before starting a slide that accelerated after Altman was outed by OpenAI late on Nov. 17 in the United States, which saw it drop to a low of nearly $1.84, according to CoinGecko data.

It bounced back, surging 12% over the past 24 hours to reach an intraday high of $2.54 during Monday morning Asian trading, then again dropped to $2.30 after Altman was replaced as CEO by Twitch co-founder Emmett Shear.

Seven-day WLD price. Source: CoinGecko

Altman co-founded Worldcoin, which launched in July. While the project is separate from OpenAI, WLD’s initial rebound came after reported efforts by a group of OpenAI executives and investors to reinstate Altman as CEO of the artificial intelligence firm.

Worldcoin is a digital identity platform with ambitions to build a world-wide ID and financial system using retina scanning technology to authenticate humans amid a rise in artificial intelligence (AI) technology.

Related: A timeline of Sam Altman’s outing from OpenAI

Worldcoin’s launch polarized the crypto community, which raised questions about its centralization, privacy and security.

AI-related crypto assets have been outperforming over the past 24 hours, with the market capitalization of AI-related tokens notching a 7.2% rise to $6.5 billion, with tokens such as Fetch.ai (FET), SingularityNET (AGIX) and Akash Network (AKT) notching double-digit gains, according to CoinGecko.

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