The cryptocurrency market is always full of exciting stories and this weekend is no exception. A Bitcoin and altcoin investor known as Sniper 0xD3c achieved incredible success by turning an investment of just $160 into $150,000 overnight. So how did this happen?
Trader made profit with that altcoin
The key to the story is the launch of OpenAI’s new text-to-video AI tool “Sora.” The launch attracted great attention and led to the launch of a memecoin of the same name. Even though this memecoin has no connection to OpenAI, investors got caught up in the hype and the price skyrocketed. Sniper 0xD3c was an experienced investor who invested in over 60 new launches, trading on 23 different token pairs containing “Sora” prior to Sora’s launch.
While most of these investments were not profitable, 0xD3c saw Sora’s potential and purchased $167 worth of tokens on the launch block. Despite losing 20% of the tokens he purchased to pool taxes, 0xD3c did not panic and held his tokens for at least 12 hours. This strategy gave him a huge return, unlike other investors.
Sold a certain amount of coins
As of now, 0xD3c has sold $110,000 of the coin, making a profit of $40,000. The story shows that there are great opportunities for investors who act quickly in the cryptocurrency market, but there are also high risks. Meanwhile, there is also activity in Worldcoin. Sora, the text-to-video tool launched by Sam Altman’s OpenAI, made double-digit gains on its rise to $4.40 following its launch.
Sam Altman’s role in both digital identity protocol Worldcoin and Silicon Valley’s AI giant OpenAI has triggered bullish sentiment among WLD speculators, with trading volume for the crypto skyrocketing over 281% in 24 hours. Altman founded Tools For Humanity, which created Worldcoin. OpenAI has shipped its latest AI tool to equip video creators. But Sora has no direct connection to the WLD cryptocurrency, which has a market capitalization of $571 million, other than Altman himself.
WLD is the native token of Worldcoin, an iris-scanning blockchain solution that Altman touts as the largest financial network and decentralized ledger of the future. The protocol, launched in July 2023, has backfired in some jurisdictions, primarily due to privacy concerns. Although Kenya was one of the first countries targeted as a user base by Tools For Humanity, a month after WLD launched, Orbs suspended its registrations.
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