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Worldcoin (WLD) faces selling pressure and a potential continuation of recent declines. OpenAI, the American tech company behind large language models like ChatGPT, has announced a five-level framework for achieving Artificial General Intelligence (AGI). Currently, ChatGPT is at the first level of this progression.
As OpenAI charts its path toward AGI, Worldcoin, a project led by OpenAI founder Sam Altman, is struggling to regain momentum. WLD is experiencing selling pressure due to token unlocks, resulting in a more than 25% decline in value during July.
On Friday, Worldcoin’s trading price stood at $1,789.
Despite OpenAI’s focus on the second level—human-level reasoning ability—it has not yet driven an increase in Worldcoin’s price. The project’s progress and updates have been closely linked to WLD since their inception, both under Sam Altman’s leadership. The increasing token supply from July’s unlocks has added to the pressure on the exchange.
Santiment data reveals that Friday’s exchange supply reached 43.97 million, nearing the highest level since October 2023. Elevated supply often indicates more tokens available for traders to sell, potentially pushing prices downward.
Meanwhile, the creators of ChatGPT continue their race to build the most powerful fifth-level AGI, aiming to surpass organizations.
OpenAI’s Five Stages of AGI
OpenAI’s latest developments are driven by executives and senior leaders. The tiered system is still in development, with ongoing feedback collection to refine the levels over time.
In the absence of other critical market drivers, traders are turning to WLD on-chain metrics and OpenAI’s progress to gauge the AI token’s trajectory. However, given the continuous increase of 6.62 million WLD in daily supply due to token unlocks, Worldcoin’s price appears unlikely to recover in July.
Sentiment: Positive
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