SORA Token Gives Trader 1280 Times Their Investment
An unidentified trader has made an impressive profit of $176,000 by investing a mere 0.049 ETH ($137) in the SORA token, which is not associated with the new text-to-video AI developed by OpenAI. According to analysts at Lookonchain, the trader used 0.049 ETH ($137) to purchase 16 million SORA tokens and later sold 12.36 million of them for 36.57 ETH ($102,492). It is important to note that the SORA token was created separately from OpenAI’s SORA artificial intelligence model.
This trader’s investment has yielded a staggering return of about 1280 times their initial investment, totaling around $176,000. However, the price of the SORA token has experienced a decrease of nearly 20% in the past 24 hours and currently stands at $0.01591.
In other news, OpenAI has recently introduced Sora, a new neural network model designed for video generation. Sora is capable of generating realistic and imaginative scenes based on text instructions. This text-to-video model allows users to create visually stunning videos up to one minute in length through textual descriptions.
Meanwhile, the Worldcoin project token, associated with OpenAI founder Sam Altman, has witnessed a significant growth of over 40% in just one day, reaching an all-time high. In the span of a week, the token’s value has increased by approximately 180%. Some analysts attribute this surge in the WLD token’s rate to the recent announcement of OpenAI’s Sora generative neural network for video.
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Source: GeckoTerminal
