SORA Token Turns $198 into $152,000 in Just 18 Hours: Crypto Trader’s Remarkable Success

During bullish periods in the cryptocurrency industry, altcoins with low market capitalization often capture the attention of crypto investors. These smaller coins have a tendency to experience significant rises compared to other projects, but they also face the risk of being delisted after volatile fluctuations.

Look On-Chain, an on-chain data provider, recently revealed the impressive profits of a crypto trader from the altcoin known as SORA. With just a modest investment of 0.07 ETH (equivalent to $198), this trader managed to make over $150,000.

The trader purchased a substantial 16 million SORA tokens for 0.07 ETH ($198) and paid a transaction fee of 0.01 ETH. In a span of 18 hours, the trader achieved a gain of 770x, turning their 0.07 ETH into $152,000. They sold most of their SORA holdings for 39 ETH (approximately $110,000) as the cryptocurrency market witnessed an upswing. Currently, the trader still holds 3.77 million SORA, valued at $42,000.

This impressive success story has generated interest and discussion within the crypto community. However, skeptics have raised concerns about the possibility of the trader being part of a group or involved in insider trading.

Adding to the SORA saga, a cryptocurrency with the same name has emerged on the Solana network. Questions have been raised regarding the authenticity of this Solana-based SORA, which experienced a rapid surge. A user named Potterlovesbenis brought attention to the situation, claiming that those behind the cryptocurrency were selling it. The group behind Solana’s SORA allegedly made profits ranging between $250,000 and $300,000, further highlighting the complexities and potential risks associated with emerging cryptocurrencies.

This success story not only emphasizes the potential gains in the cryptocurrency market but also underscores the importance of strategic decision-making and timing.