Worldcoin Token Surges to $2.30 Amid Reports of Trump’s AI Initiative
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- Worldcoin (WLD) jumped about 20 percent to $2.30 as news reports of an AI project linked with Donald Trump emerged.
- The Stargate project which is associated with $100 billion in AI funding has OpenAI, SoftBank, and Oracle as its supporters.
- The project intends to establish a new generation data center in Texas while top executives from the industry are expected to reveal more details at the White House.
Worldcoin WLD spiked by almost 20% to trade at $2.30 at one point in the day. The increase came after news of a major artificial intelligence (AI) project by ex-US President Donald Trump in partnership with OpenAI, SoftBank, and Oracle.
The project, apparently called Stargate, is expected to help the development of AI not only in the US but worldwide. CBS News announced that a total of $100 billion will be invested in the initiative. For its first phase of development, a new data center will be built in Texas to support this network. The news sent ripples across the world of cryptocurrency, with Worldcoin token holders being the most active in their response.
Worldcoin’s Price Spike and Market Impact
Following the announcement, WLD quickly climbed from $1.90 to $2.30, briefly ranking among the top gainers in the cryptocurrency market. However, it retraced slightly, trading at $2.12 at the time of reporting. This price action highlighted renewed investor interest in the project, which has seen similar rallies in the past tied to OpenAI-related developments.
Key Figures Set to Announce Stargate Details
As per the reports, the major private sector personalities to be part of the initiative are OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle’s Larry Ellison. These leaders are expected to be with Trump at the White House for the official announcement.
Those who believe in AI as the future of work and life are considering the Stargate initiative as a major leap forward, thanks to the huge funding and the powerful supporters who are putting their reputations on the line to develop the technology.
