On November 18, 2022, OpenAI dropped a bombshell via a blog post, citing Altman’s firing due to a breakdown in communication with the board. The board expressed a loss of confidence in Altman’s leadership, citing hindrances to fulfilling its responsibilities.
The repercussions were immediate and obvious. Worldcoin (WLD) witnessed a 12% drop in value as Altman’s eye-scanning crypto project became entangled with the uncertainties surrounding OpenAI’s leadership. The interconnected nature of cryptocurrency with key personalities was laid bare for all to see.
Simultaneously, investors rallied behind Altman, attempting to reinstate him as OpenAI’s CEO, but the board remained resolute in its decision. However, in an unexpected twist, Altman has found a new home where he will lead an AI team for Microsoft. This move, coinciding with Worldcoin’s peak at $2.65, added further intrigue to the unfolding narrative.
Is the AI crypto token market shaken up?
Kaiko, a leading crypto analytics platform, reported that AI tokens surged past $2 billion in weekly trade volume, marking a milestone not seen since March.
Notably, the surge was led by #WLD (Worldcoin) and #RNDR. Little did the crypto world know that the fate of Worldcoin would become entwined with the leadership drama unfolding at OpenAI.
Worldcoin’s price now stands at $2.30, experiencing a 6% dip since the previous day. However, a closer look reveals a correlation between Sam Altman’s arrival at Microsoft and Worldcoin’s rollercoaster ride when it peaked at $2.65.
Kaiko’s data captured the surge in AI token trade volume. It mirrored the saga that saw the price of Worldcoin rise and fall in tandem with the leadership shakeup at OpenAI and Microsoft.