CoinGecko reports rise in AI tokens amid OpenAI drama

Ten of eleven AI project tokens rose after a leadership shake-up at OpenAI. This is evidenced by CoinGecko‘s research.

Akash Network (AKT) posted the largest gain — up 61% since Altman’s dismissal, from $1.02 to $1.65. The token peaked on November 20 at $1.85.

OriginTrail (TRAC) came in second, rising from $0.26 to $0.38 — 45.8%.

Next is Bittensor (TAO), whose price rose 33% to $230.15. At its local highs the token reached as high as $294.

“AI tokens are rising in price on expectations of approval of a spot Bitcoin-ETF. OpenAI’s dismissal and the rehiring of Sam Altman only attracted investor and trader attention, further fueling the recent rally,” analysts said.

CoinGecko observers noted that eight of the eleven coins initially fell between 1.4% and 8% after the AI company’s CEO’s ouster. However, most recovered in the wake of Bloomberg’s report of attempts by the firm’s staff to reinstate Altman.

Reuters sources said that ahead of the firing, OpenAI researchers warned the board about a major AI breakthrough that “could threaten humanity”.