While the SORA token comes after OpenAI’s Sora, it’s worth noting that it’s not associated with the new text-to-video AI.

An unidentified trader managed to pocket $176,000 in profit from an initial investment of 0.049 ETH, which was worth just $137 at the time.

According to Lookonchain’s analysis, the trader initially purchased 16 million SORA tokens using 0.049 ETH.

Trader Earns 1280 Times Return

The trader then made a strategic move and sold 12.36 million SORA tokens, earning a generous return of 36.57 ETH, equivalent to $102,492 at the current market rate. Including the remaining 3.64 million SORA tokens (worth about $74,000), this single transaction brought the trader a considerable profit, showing a 1,280x return on his initial investment.

The SORA token was launched shortly after OpenAI’s groundbreaking Sora launch, which caused a surge in interest and value. Despite its association with OpenAI’s groundbreaking work in artificial intelligence, it is worth noting that the SORA token is not directly affiliated with the OpenAI development team.

OpenAI’s recent launch of the Sora model, a sophisticated text-to-video generator capable of producing realistic visual content based on text prompts, has sparked a renewed interest in AI-related tokens.

Analysts speculated that the announcement sparked a rally in various AI-related cryptocurrency projects, including Worldcoin, Bittensor (TAO), and Fetch.ai.

AI-based tokens experience surge

Worldcoin, owned by OpenAI co-founder Sam Altman, rose more than 40% in a single day, setting a record high, demonstrating the market's enthusiastic response to advances in AI technology.

Likewise, Bittensor and Fetch.ai have also seen notable growth, with Bittensor up 17.4% on a weekly basis and Fetch.ai jumping to $0.9126, a 45.5% increase in weekly value. This renewed interest follows a drop in activity for AI-related tokens, suggesting a possible resurgence in investor confidence and interest driven by technological advancements.

Meanwhile, Buterin recently highlighted the possibility of using AI-assisted methods to enhance the security of the Ethereum network. He believes that the main technical risk of Ethereum is the existence of bugs in its code, and any innovation that can significantly mitigate this risk will be very beneficial.

Despite the recent success that traders have experienced with SORA tokens, the cryptocurrency market remains highly volatile, as evidenced by the over 20% drop in the value of SORA tokens over the past 24 hours. As of the time of writing, the price of SORA tokens is $0.01594. #SORA  #投资回报