The Worldcoin digital token, developed as part of a project co-founded by Sam Altman, is experiencing significant volatility, largely attributed to Altman's recent departure from OpenAI and subsequent return, catching the industry off guard.

Following Altman's exit, the token saw a downward trend from its previous high of $2.48, exacerbated by broader digital market fluctuations. CoinGecko data indicates that Worldcoin dropped to a low of $1.84 after Altman's departure.

However, Worldcoin, also known as WLD, has since rebounded with an 18% increase, reclaiming the $2.40 mark, coinciding with efforts by senior management at OpenAI and investors to reinstate Altman as Chief Executive Officer.

Currently valued at approximately $280 million, Worldcoin ranks 157th in the cryptocurrency space, according to CoinGecko. Richard Galvin, Co-Founder of Digital Asset Capital Management, suggests that these fluctuations are closely tied to news regarding Altman.

Worldcoin operates on a blockchain-based system that utilizes ocular scans to generate unique digital identities, developed by Altman's co-founded company, Tools for Humanity. Individuals with a purported World ID can obtain Worldcoin tokens.

However, regulatory transparency issues have prevented the tokens from being available in US markets. World IDs aim to establish personhood in a future powered by artificial intelligence, potentially blurring the lines between humans and machines, raising privacy and ethical concerns.

Despite concerns over token fluctuations, Worldcoin has yet to respond. CoinGecko data indicates that a group of ninety cryptocurrency currencies associated with the AI program has shown volatile behavior, with a collective market value increase of approximately 7%, totaling around $6.5 billion.