Worldcoin Faces 6% Dip as Sam Altman Exits OpenAI CEO Role
Worldcoin's WLD token experienced a 6% drop in value following the removal of Sam Altman, co-founder of Worldcoin and former CEO of OpenAI. The cryptocurrency, which traded at $2.03 around 3:30 p.m. ET, declined to $1.91 (6% decrease) after news of Altman's departure at approximately 4:15 p.m. ET. Over the last 24 hours, the coin recorded a significant 12.83% decline, according to The Block's Price Page.
OpenAI's announcement cites Altman's alleged dishonesty in communication as the reason for his departure from the CEO position and the board of directors. The board's deliberative review process revealed a lack of consistent candour, leading to a loss of confidence in Altman's ability to lead OpenAI effectively.
Worldcoin, founded by Altman, rewards individuals with WLD cryptocurrency for scanning their retinas at orbs, aiming to create a vast identity and financial public network. Despite the developments, Worldcoin remains silent on Altman's current status within the organization in response to The Block's inquiry.