A crypto investor turned $160 into $150,000 overnight

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One cryptocurrency wallet, nicknamed Sniper 0xD3c, turned a modest investment of $160 into an impressive $150,000 overnight.

Reported by cryptocurrency tracking platform Arkham, this remarkable achievement is due to the recent debut of Sora, a text-to-video AI tool developed by OpenAI that coincides with the launch of a meme cryptocurrency inspired by the project.

It is important to note that this cryptocurrency initiative is independent of the OpenAI tool.

Within a day, Uniswap witnessed the introduction of 23 different token pairs featuring the Sora token. However, only one of these tokens has crossed the $10 million market cap threshold.

The investor in question has been actively involved in trading through this wallet for almost a month, investing around $15,000 in over 60 new airdrop events. Despite his efforts, the total profit was only $5,000.

During the SORA launch block, the 0xD3c wallet acquired $167 worth of tokens from this meme token, with its tokens reduced by 20% due to pool taxes. Despite the risk, 0xD3c’s strategic approach paid dividends, securing 20th position out of 37 participants in the SORA trading starting block.

Contrary to the usual practice of quickly selling tokens after launch, 0xD3c held most of its position for a minimum of 12 hours, a strategy that has apparently brought him significant profits.

The 0xD3c address has currently liquidated $110,000 worth of coins, retaining approximately $40,000.

However, it is extremely important to say that the meme cryptocurrency involved has no real value and is mostly benefiting from the hype surrounding OpenAI’s latest offering.

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