An unknown trader made $176,000 on the new SORA token, which is not affiliated with the new text to video AI, by investing only 0.049 ETH ($137).
As Lookonchain analysts pointed out, the trader spent 0.049 ETH ($137) to purchase 16 million SORA, after which trader sold 12.36 million SORA for 36.57 ETH ($102,492).
The SORA token was created shortly after the launch of the generative artificial intelligence model of the same name from OpenAI. However, the coin is not affiliated with the development team.
In total, the same trader is in the green about 1280x of their initial investment, or about $176,000.
With less than 0.05 $ETH ($137), this trader made $176K on $SORA, a gain of 1280x!😱
He spent a total of 0.049 $ETH($137) to buy 16M $SORA and sold 12.36M $SORA for 36.57 $ETH($102,492), with 3.64M $SORA($74K) left, the total profit is ~$176K.https://t.co/Z43Vph9NTw pic.twitter.com/cdMjlYSl5D
— Lookonchain (@lookonchain) February 18, 2024
Over the past 24 hours, the price of the SORA token has decreased by almost 20%, and at the time of writing is $0.01591.
Source: GeckoTerminal
OpenAI introduced a new neural network, Sora, for video generation. The company says Sora can create realistic and fantasy scenes using text instructions. The text-to-video model allows users to create photorealistic videos up to a minute long from text descriptions.
Introducing Sora, our text-to-video model.
Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. https://t.co/7j2JN27M3W
Prompt: “Beautiful, snowy… pic.twitter.com/ruTEWn87vf
— OpenAI (@OpenAI) February 15, 2024
Meanwhile, the Worldcoin project token, associated with OpenAI founder Sam Altman, grew by more than 40% in a day and set an all-time high. In weekly terms, the increase was about 180%. The growth of the WLD’s rate, some analysts believe, can be attributed to the recent announcement of OpenAI’s generative neural network for video, Sora.
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