Worldcoin Price Rebounds as Sam Altman Stays as Developer’s Chairman

Last updated:
Author
Author
Hongji Feng
About Author

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Sam Altman
Source: OpenAI

Worldcoin’s valuation has shown a robust recovery from a recent slump, with the price rallying as Sam Altman continues in his role as chairman of Tools for Humanity, the developer behind the cryptocurrency.

Worldcoin Price
Source: CoinMarketCap

Worldcoin (WLD) has made a significant comeback, seeing its trading price reaching $2.42, according to CoinMarketCap. This represents a notable increase of 16.66% over the past 24 hours.

Sam Altman, the former CEO of ChatGPT’s developer OpenAI, was announced to depart the company on Nov. 17. Following the initial announcement, WLD experienced a dip in price, trading at as low as $1.83, marking a 45% from WLD’s all-time high of $3.30, which was reached when Worldcoin emerged from beta in July.

Altman was abruptly removed from his position at OpenAI due to his alleged lack of candid communication. “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” said the company.

Altman co-founded Worldcoin with Max Novendstern and Alex Blania in 2019. According to Tools for Humanity’s website, Altman remains as Chairman.

Sam Altman to Return to OpenAI?

There have been speculations of various sources suggesting a potential comeback of Altman. According to The Verge, a source close to Altman said that “the board had agreed in principle to resign and to allow Altman and Brockman to return.” Followed by The Information’s report of OpenAI Chief Strategy Officer Jason Kwon telling employees that “the company is ‘optimistic’ about Altman returning.”

As a result, Altman’s the secured position at Tools for Humanity and the rumors of him returning as OpenAI CEO stabilized the price of WLD.

However, its valuation yet has seen another fluctuation, as OpenAI co-founder and board director Ilya Sutskever told The Information that “Sam Altman won’t return as CEO of OpenAI, despite efforts by the company’s executives to bring him back.”

In addition, Twitch co-founder Emmett Shear will take over as interim CEO, according to Sutskever.

Worldcoin Price
Source: CoinMarketCap

Following the latest news, WLD took another downturn, trading at $2.33 at the time of writing, down by 0.84% over the past 24 hours, according to CoinMarketCap.

More Articles

Opinions
Opinion: Crypto Has a Trust Problem—Here’s How We Can Fix It
Mona El Isa
Mona El Isa
2025-02-16 18:08:06
Features
Coinbase Just Made Huge Predictions on Crypto’s Future
Connor Sephton
Connor Sephton
2025-02-16 18:03:15
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors