An unknown trader made $176 thousand in profit using the SORA token, which was created shortly after the presentation of the artificial intelligence model of the same name by OpenAI. However, the token has nothing to do with the new AI model, writes CoinMarketCap.
With less than 0.05 $ETH ($137), this trader made $176K on $SORA, a gain of 1280x!😱
— Lookonchain (@lookonchain) February 18, 2024
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 experts point out that in this situation, the trader made a profit that was 1280 times higher than the initial investment. Soon after, the token's value dropped by almost 20%.
Recently, OpenAI introduced an AI model Sora that can create realistic videos from text prompts. Sora is capable of generating videos up to a minute long, while maintaining visual quality and compliance with user prompts.
Sora can create complex scenes with multiple characters, specific types of movement, and precise object and background details. It also has a deep understanding of language, which allows it to accurately interpret cues and create convincing characters.