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Sam Altman’s ouster of OpenAI sends Worldcoin price soaring

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Worldcoin (WLD), the token of Sam Altman’s retina scanning project of the same name, has seen significant volatility over the past few days as it was ousted from OpenAI, which is reportedly in talks to make a comeback before finally being replaced.

WLD reached a high of $2.48 on November 16 before beginning a decline that accelerated after Altman was unveiled by OpenAI late on November 17 in the United States, which saw it fall to a low of nearly $1.84, according to CoinGecko. data.

It rebounded, rising 12% over the past 24 hours to an intraday high of $2.54 during Monday morning Asian trading, then falling again to $2.30 after Altman was replaced in as CEO by Twitch co-founder Emmett Shear.

Seven-day WLD prices. Source: CoinGecko

Altman co-founded Worldcoin, which launched in July. Although the project is separate from OpenAI, WLD’s initial rebound came after reported efforts by a group of OpenAI executives and investors to reinstate Altman as CEO of the artificial intelligence company.

Worldcoin is a digital identity platform with the ambition to create a global and financial identification system using retina scanning technology to authenticate humans amid the rise of digital technology. AI.

Related: A timeline of Sam Altman’s exit from OpenAI

The launch of Worldcoin polarized the crypto community which raised questions about its centralization, privacy and security.

AI-related crypto assets outperformed over the past 24 hours, with the market cap of AI-related tokens increasing 7.2% to $6.5 billion with tokens such as Fetch.ai (FET), SingularityNET (AGIX) and Akash Network. (AKT) posts double-digit gains according to at CoinGecko.

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