Sam Altman Fired, Worldcoin Price Reaches 24% Overnight

WLD crypto assets rose after Sam Altman was fired from OpenAI CEO. (Photo; Doc. InvestX)

JAKARTA - Worldcoin (WLD), a crypto asset that has a vision to create an inclusive global network, has seen a surprising price increase of 24.16% to 2.44 US dollars (around Rp37,600).

The increase came after news about the dismissal of Sam Altman, one of the founders of Worldcoin, from his position as CEO of OpenAI, an organization engaged in artificial intelligence (AI).

While it is not yet known for sure what caused Worldcoin's price hike, it is possible that the market again believes in this project, which is supported by solid technology and teams, unaffected by the Altman issue at OpenAI.

Altman is one of the most important figures in the world of technology, especially in the field of AI. He was once the CEO of OpenAI, which developed a popular ChatGPT platform. However, he was fired from office for reasons that were not disclosed. Altman is still involved in Tools for Humanity, a company that manages Worldcoin, as co-founder and chairman.

OpenAI's Altman's dismissal had a negative impact on the price of Worldcoin. WLD, a native token from Worldcoin, fell 12% and was below $2. This decline reflects Altman's future uncertainty in the AI industry.

Not long after that, the situation changed rapidly, as WLD managed to rise and rise 24%. Investors saw prices reaching $2.44, which is the highest level since last May. This shows that the Worldcoin project still has bright prospects, despite the crisis at OpenAI.

WLD has a market capitalization of 280,238,575 US dollars (Rp4.32 trillion), ranked 137th among cryptocurrencies. Trading volume also increased sharply, reaching 258,639,130 US dollars (Rp 3.99 trillion), which indicates that there is a high interest in this asset.

Not An Ordinary Project

Worldcoin is not an ordinary crypto project. This project has a mission to build a global network that involves everyone in the world, by distributing tokens to those who want to scan the retina using a special ball-shaped device. In this way, the project hopes to ensure that everyone only has one Worldcoin account.

Worldcoin has launched its project since March 2022 and has distributed nearly 40 million WLD tokens to users, according to data from the project. Worldcoin has also received huge financial support, successfully raising funds of USD 100 million (IDR 1.54 trillion) in March 2022 and USD 115 million (IDR 1.77 trillion) in May 2023, which saw the company's valuation reach USD 3 billion (IDR 46.23 trillion).

One of the important figures behind Worldcoin is Sam Altman, former CEO of OpenAI, an artificial intelligence research and development company (AI). Altman was fired from OpenAI in November 2023, but remains focused on developing Worldcoin. Although the price of WLD has decreased, the market is optimistic that the price of WLD will increase in line with the increased utility and adoption of WLD in various countries through retinal scanning of the eye.