As AI narrative fuels major pumps, a new coin called AISora, playing on Sam Altman and OpenAI’s new Sora AI video generation, has exploded +71,110%.
This article will provide an analysis of AISORA’s current price trends and look to see whether a new meme coin making highs, SMOG, represents a more promising investment opportunity at this time than the AI narrative.
#SoraAI gifs are unreal.
Prompt: pov Dutchman cycling home after work on an old bicycle through typical Dutch landscape while sun is setting in March and a train passes in the background. Shot with iPhone. Bouncing gif. pic.twitter.com/U6InlFNrWm
— Wouter de Bres (@WdeB) March 4, 2024
The excitement behind this pump stems from OpenAI and Sam Altman’s reveal of SoraAI video generation, which shocked the world in a move that is reinvigorating interest in the AI market and OpenAI as a company.
As the dust settles following AISora’s violent undoing, AISORA is currently trading at a market price of $0.0000084 (representing a 24-hour change of -99.85%).
This comes after a sensational launch saw AISora take off from a launch price down at $0.00000092 around 3AM UTC on March 6, in an initial +20,000% candle that send ripples across DEX markets.
Enamored by the huge Sam Altman-inspired candle, eagle-eyed DEX traders raced to take a position in the unfolding AISORA pump, and this drove price up a further +120% to hit an all-time high around $0.0066.
But all appeared too good to be true, as a -5% localized retracement spooked the shady developer behind the project, triggering a sudden dump move (viewable in the order book on Gecko Terminal).
The cheeky OpenAI-themed pump-and-dump play saw AISora’s mischievous creator take $84k profit in Ethereum, and this just goes to highlight
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