Worldcoin’s Value Decreased by 6%
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Following the announcement of Sam Altman stepping down as CEO of OpenAI, Worldcoin’s WLD token experienced an immediate 6% decline. Over the last 24 hours, the token recorded a total drop of more than 12%, as reported by The Block’s Price Page.
The value of the token associated with Worldcoin, the cryptocurrency project co-founded by ex-OpenAI CEO Sam Altman, experienced a 6% decline in response to the announcement of Altman’s removal from the CEO position at OpenAI. WLD was traded at $2.03 around 3:30 p.m. ET.
Nevertheless, the coin saw a decline to $1.91, marking a 6% decrease, following the announcement of Altman’s removal from the role around 4:15 p.m. ET. Over the last 24 hours, the coin experienced a drop of 12.83%, as reported by The Block’s Price Page.OpenAI revealed that Altman would no longer hold the position of CEO or serve on the board of directors due to allegations of dishonesty in communication.
READ ALSO: Worldcoin’s Paradigm Shift: Orb Operators to Receive WLD Instead of USDC
“Mr. Altman’s exit comes after a thorough review conducted by the board, determining that he lacked consistent candor in his communications with the board, impeding its capacity to fulfill its responsibilities. The board has lost confidence in his capability to effectively lead OpenAI,” stated the company in an official announcement.
Worldcoin has not promptly replied to The Block’s query regarding Sam Altman’s current status within the organization.
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