Benzinga - What Happened: This rebound occurred shortly after Altman, who was removed from his CEO position of OpenAI on Friday is reportedly open to a return but is insisting on substantial changes to the company’s governance, Bloomberg reported citing sources.
This includes the removal of different board members. Altman is also requesting a clear statement declaring him innocent of any wrongdoing.
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Over the course of 24 hours, WLD moved between the $2.04 and $2.56 levels, according to data from CoinMarketCap. Trading value shot up 117.1% to $313.3 million.
Why It Matters: Following Altman’s exit on Friday, Worldcoin’s value had plummeted 12%.
The board on Friday clearly expressed a loss of trust in Altman’s leadership, stating, “The board no longer has confidence in his ability to continue leading OpenAI.”
Altman was recently spotted at the firm's offices. He shared a photo of himself wearing a Guest badge attached to a lanyard bearing OpenAI's corporate logo on X, formerly Twitter. He wrote, ‘First and last time I ever wear one of these.’"
Price Action: At the time of writing, WLD was trading at $2.43, according to Benzinga Pro.
Photo Courtesy: Wikimedia Commons
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