Worldcoin's WLD token began to decline after reports of a lawsuit against OpenAI emerged.
WLD fell 2.2% in an hour after news platform Reuters reported that tech investor Elon Musk was suing OpenAI and CEO Sam Altman for breach of contract. Musk accused the company of violating contractual agreements made in 2015.
Sam Altman is a board member and co-founder of Worldcoin. The controversial project aims to scan users' eyes in exchange for digital IDs and tokens.
AI tokens are trending towards developments in the artificial intelligence industry. AI tokens rose overall in February after chipmaker Nvidia beat fourth-quarter earnings estimates and OpenAI unveiled its project that can create text-to-video content.
