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Following the announcement of Sora, Sam Altman’s Worldcoin (WLD) also experienced a surge. However, when the calendars showed March 1st, Worldcoin (WLD) began to decline after news of a lawsuit filed by Elon Musk against OpenAI and Sam Altman. So, what kind of price movement is WLD coin currently experiencing after the incident?
Worldcoin, OpenAI, and Elon Musk
According to a recent report by Reuters, X’s (formerly known as Twitter) owner and Tesla CEO Elon Musk has entered into a legal battle against OpenAI and its CEO Sam Altman. In the lawsuit filed by Musk on February 29th, he claims that the artificial intelligence platform has strayed from its mission to develop AI for the benefit of humanity and is now operating for profit.
Musk alleges that Altman and co-founder Greg Brockman initially approached him to set up an open-source, non-profit company, claiming that this agreement has been breached.
In the petition of the lawsuit filed by Musk, he is seeking a court order to force OpenAI to research and make its technology public. He is also demanding that the venture’s assets be prevented from being used for financial gain.
Considering Sam Altman’s involvement in the creation of Worldcoin, it is conceivable that these events surrounding OpenAI could impact WLD.
The Parallel Between Worldcoin and OpenAI
Although OpenAI is not known as a cryptocurrency, it is known that Sam Altman is a co-creator of Worldcoin (WLD). In light of all this, WLD entered a period of increase following the renewed interest and development in OpenAI, especially before the announced GPT-5 platform.
Before these events, SORA caused a significant increase in the price of WLD, positioning it as one of the most important gainers in recent weeks.
What is the Current Price of WLD?
Examining the daily price of Worldcoin, it was seen to close the transactions on March 1st with an 8.13% gain.
However, the situation changed thereafter, and WLD’s price movement took a turn for the worse, experiencing a decline of about 6.7%, raising questions among investors.
During the same period, WLD’s 24-hour trading volume also fell by 15%, dropping to $567 million, which could be interpreted as a decrease in investor interest.
