AI Tokens Surge in Trading Volume
The recent controversy involving OpenAI and its co-founder Sam Altman has led to a surge of interest in AI tokens, with total weekly trade volume surpassing $2 billion for the first time since March, according to data from Kaiko, a blockchain analytics platform.
WLD Token and Other AI Coins
Statistics show that WLD, the native token on Worldcoin, and other tokens like FET, the primary coin behind the AI-reliant blockchain Fetch.ai, appear to be the main gainers. However, WLD prices remain below November 2023 lows when writing.
WLD Remains Volatile
Market data reveals that the spike in crypto AI trading volume seems to be driven mainly by WLD activity, comprising over 33% of all related crypto AI trading volume. Despite this, the current trading volume remains below the all-time high of above $4 billion in Q1 2023.
As a result, Worldcoin has taken over as investor interest shifted to WLD, evidenced by the gradual rise of trading volume.
Looking at WLD price action over the past three days, prices have been volatile, though trading volume has been mostly up from November 13. News of Altman’s removal as CEO of OpenAI led to a decrease in prices, followed by slight expansion with news of negotiations to return to the role and his subsequent appointment to lead Microsoft’s AI team.
The Sam Altman And OpenAI Drama Turns Attention To Worldcoin
Although there is no direct connection between OpenAI and Worldcoin, events at OpenAI and how the board handled Altman are seen as factors catalyzing WLD’s activity. The lack of clarity on why the board ousted Altman as CEO has led to speculation that this could impact WLD’s prices and how Worldcoin is governed, given Altman’s involvement with the crypto AI project.
Altman’s influential role has impacted Worldcoin and its prices, as the blockchain project aims to create a global identity system relying on AI for fraud prevention, data analysis, verification, and more.
Hot Take: Altman’s Influence Accelerates the Surge in Worldcoin Trading Volume
The recent controversy surrounding Sam Altman and OpenAI has intensified interest in AI tokens, particularly WLD, as investors speculate on the impact of his involvement on the governance and future of Worldcoin. The surge in trading volume indicates a heightened focus on WLD, driven by market reactions to Altman’s shifting roles and the potential implications for the blockchain project’s development.
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