The Worldcoin (WLD) cryptocurrency token, created by Sam Altman, experienced a 5% decrease in price following a lawsuit filed by billionaire Elon Musk against OpenAI and its CEO, Sam Altman.

Elon Musk filed the lawsuit on March 1, alleging unfair business practices, breach of fiduciary duty, and breach of contract by OpenAI. The lawsuit specifically targets Altman and co-founder Greg Brockman, seeking to prevent them from profiting from “AGI”, specifically ChatGPT-4.

Despite the fact that the WLD token is not directly linked to OpenAI’s activities, the projects share Altman as a leader. This connection has led to the token’s price being impacted by news related to OpenAI. Last week, the token reached an all-time high after OpenAI announced the launch of its neural network for video generation, Sora.

According to CoinMarketCap data, the Worldcoin token fell by almost 5% to $7.53 in the past 24 hours, accompanied by a 40% reduction in trading volume, suggesting that traders may be anticipating a price correction.

While Altman is involved in various projects, including leading OpenAI and co-founding Tools for Humanity, which is behind Worldcoin, the WLD token has faced challenges of its own. Recently, the project had to halt its digital identification services in India, Brazil, and France.

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