{"id":10804,"date":"2024-02-19T11:12:47","date_gmt":"2024-02-19T09:12:47","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-achieves-1280-fold-profit-on-sora-token\/"},"modified":"2024-02-19T11:12:47","modified_gmt":"2024-02-19T09:12:47","slug":"trader-achieves-1280-fold-profit-on-sora-token","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-achieves-1280-fold-profit-on-sora-token\/","title":{"rendered":"Trader Achieves 1280-Fold Profit on SORA Token"},"content":{"rendered":"<p>An unidentified trader earned $176,000 from the new SORA token, investing merely 0.049 ETH ($137). This was highlighted by analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">With less than 0.05 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($137), this trader made $176K on <a href=\"https:\/\/twitter.com\/search?q=%24SORA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SORA<\/a>, a gain of 1280x!?<\/p>\n<p>He spent a total of 0.049 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($137) to buy 16M <a href=\"https:\/\/twitter.com\/search?q=%24SORA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SORA<\/a> and sold 12.36M <a href=\"https:\/\/twitter.com\/search?q=%24SORA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SORA<\/a> for 36.57 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($102,492), with 3.64M <a href=\"https:\/\/twitter.com\/search?q=%24SORA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SORA<\/a>($74K) left, the total profit is ~$176K.<a href=\"https:\/\/t.co\/Z43Vph9NTw\">https:\/\/t.co\/Z43Vph9NTw<\/a> <a href=\"https:\/\/t.co\/cdMjlYSl5D\">pic.twitter.com\/cdMjlYSl5D<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1759222299813921164?ref_src=twsrc%5Etfw\">February 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In total, he spent 0.049 ETH ($137) on <a href=\"https:\/\/debank.com\/profile\/0x87e5e68ebcae96d9c5693e9b820ff460a956f1b0\/history?token=0xb8a87405d9a4f2f866319b77004e88dff66c0d92_SORA_eth\">purchasing 16 million SORA<\/a>, subsequently selling 12.36 million SORA for 36.57 ETH ($102,492). <\/p>\n<p>Thus, his profit amounted to 1280 times the investment\u2014approximately $176,000.<\/p>\n<p>According to <a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x19c1f6c7468ad4076b05a5f79e3ee80ce0064718?utm_source=coingecko&#038;utm_medium=referral&#038;utm_campaign=searchresults\">GeckoTerminal<\/a>, the price of SORA has decreased by 25% in the past 24 hours and is currently $0.01638.<\/p>\n<p>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.<\/p>\n<p>ForkLog covered the community&#8217;s reaction to the tool in a separate article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,436],"class_list":["post-10804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-trading"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10804"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10803"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}