Trader Achieves 1280-Fold Profit on SORA Token

An unidentified trader earned $176,000 from the new SORA token, investing merely 0.049 ETH ($137). This was highlighted by analysts at Lookonchain.

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

In total, he spent 0.049 ETH ($137) on purchasing 16 million SORA, subsequently selling 12.36 million SORA for 36.57 ETH ($102,492).

Thus, his profit amounted to 1280 times the investment—approximately $176,000.

According to GeckoTerminal, the price of SORA has decreased by 25% in the past 24 hours and is currently $0.01638.

The token was created shortly after the launch of the generative AI model of the same name by OpenAI, which allows text-to-video conversion. However, the coin is not affiliated with the development team.

ForkLog covered the community’s reaction to the tool in a separate article.