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Home ยป Price of Worldcoin falls by 6% following Sam Altman’s removal as CEO of OpenAI

Price of Worldcoin falls by 6% following Sam Altman’s removal as CEO of OpenAI

As soon as news broke that Sam Altman was leaving his position as CEO of OpenAI, Worldcoin's WLD token dropped by about 6%.

by V. Sinclair
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Sam Altman, the former CEO of OpenAI, co-founded Worldcoin, a cryptocurrency project. After learning that Altman has left OpenAI, the token’s value dropped by 6%.

At approximately 3:30 p.m. ET, WLD exchanged hands at $2.03. However, following word of Altman’s termination from the position at approximately 4:15 p.m. ET, the coin dropped to $1.91, a 6% decline. The Block’s Price Page shows that the coin fell 12.83% in the previous day.

It was revealed by OpenAI that Altman would be leaving his position as CEO and director of the company due to alleged communication dishonesty.

“The board’s deliberate review process led to the conclusion that Mr. Altman was not always honest in his communications with the board, which impeded the board’s ability to carry out its duties. As a result, the board decided to fire him. The company stated in an official statement that “the board no longer has faith in his ability to continue leading OpenAI.”

The Worldcoin cryptocurrency project aims to create a vast financial network and identity system by rewarding users with WLD, a cryptocurrency, for scanning their retinas at orbs.

In response to The Block’s question about whether Sam Altman is still with Worldcoin, Worldcoin did not immediately at the establishment.

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