Key Points
An unidentified trader has turned a profit of $176,000 from the new SORA token.
The trader’s initial investment was only 0.049 ETH ($137).
According to Lookonchain analysts, the trader used 0.049 ETH ($137) to buy 16 million SORA.
The trader then sold 12.36 million SORA for 36.57 ETH ($102,492).
SORA Token and OpenAI’s AI Model
The SORA token was launched shortly after OpenAI introduced its generative AI model, also named SORA.
However, there is no connection between the coin and the development team.
The trader’s total profit is around 1280 times their original investment, amounting to approximately $176,000.
Currently, the SORA token’s price has fallen almost 20% in the past 24 hours, and it is valued at $0.01591 at the time of writing.
OpenAI has developed a new neural network called Sora for video generation.
Sora can generate realistic and fantasy scenes based on text instructions.
Users can use the text-to-video model to create photorealistic videos up to a minute long from text descriptions.
The Worldcoin project token, linked to OpenAI founder Sam Altman, has seen a surge of over 40% in a day, reaching a record high.
In weekly terms, the increase is approximately 180%.
Analysts suggest that the rise in the WLD’s rate may be due to the recent announcement of OpenAI’s Sora video generative neural network.
