Sam-Altman Founded Worldcoin Soars On OpenAI's o1 Announcement, XRP Rides On Grayscale Trust Launch

Worldcoin WLD/USD  and XRP XRP/USD were among the biggest gainers Thursday even as the broader market moved sideways.

What happened: WLD, the native currency of the blockchain-based identity verification project, popped more than 9%, emerging as the best-performing cryptocurrency in the last 24 hours. 

The coin's trading volume jumped 86% to $$182 million, reflecting huge demand from investors. 

The rally followed the launch of a new model,  ‘o1', by OpenAI, marking a step toward the company's goal of achieving human-like artificial intelligence. Recall that OpenAI CEO Sam Altman launched the Worldcoin project last year.

See Also: Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things

Apart from Worldcoin, XRP recorded healthy gains, jumping 4.42% in the last 24 hours. The seventh-largest cryptocurrency was the market's biggest large-cap gainer in this period.

The positive momentum came on the heels of asset management giant Grayscale Investments launching a new XRP Trust. The trust aimed to expose accredited investors to the price moves of XRP.

Grayscale dissolved its earlier XRP trust in January 2021 after the SEC filed a lawsuit against Ripple Labs, the firm using XRP for its product offerings.

Price Action: At the time of writing, WLD was exchanging hands at $1.53, while XRP was valued at $0.562, according to data from Benzinga Pro. 

Photo via Shutterstock

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