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Within 30 days, the trading bot received ~27,000 SOL ($6.8 million) from sniper trades of several meme coins on the Pump.fun platform. Lookonchain analysts drew attention to this.
A bot may have won ~27,000 $ sol($6.8M) by spinning # memecoins forward https://t.co/C909I8882s over the past month!
2 days ago, the bot only cost 2 $ sol to snipe 57M $ FATHER and he sold them all for 4,456 $ solfilling 4,454 $ sol($1.12M) – an amazing 2,227x return!
today stands at 1.75 $. pic.twitter.com/BQf15VpClQ
– Lookonchain (@lookonchain) November 25, 2024
Two days ago bot over 1.75 SOL to buy 57 million FATHA and after increasing the price of the coin, sell ee for 4456 SOL ($1.12 million). The profit was 2227%.
On November 25, he bought 58.57 million FRIC for 1.75 SOL. The sale of the asset gave him a 943-fold increase in investment – 1646 SOL ($418,000).
The bot runs on a decentralized sniping wallet and transfers profits to the OKX exchange. In total, over the past month, he deposited 19,000 SOL from the 27,000 SOL he earned to this address for further sales.
ForkLog previously reported that a defendant received from Sotheby’s 490x profit of the BAN meme-token.
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2024-11-25 14:39:00
#Sniper #bot #earned #million #meme #coins
How might the increasing prevalence of sniping bots influence the development and adoption of decentralized exchanges (DEXs) that aim to promote fairness and transparency in trading?
## World Today News: Inside Look at Meme Coin Sniping Bots
Welcome to World Today News, where we delve into the fascinating world of cryptocurrency and blockchain technology. Today, we’re joined by two esteemed guests to shed light on a recent phenomenon in the meme coin market: automated trading bots spotting profit opportunities at lightning speed.
Our guests are:
* **Dr. Anna Petrova**, a leading expert in decentralized finance and blockchain security, known for her insightful analysis of market trends.
* **Mr. David Chang**, a seasoned crypto trader with experience navigating the volatile world of meme coins and a keen understanding of trading strategies.
Let’s dive right into the discussion, exploring the implications of these bots for the future of cryptocurrency trading.
**Section 1: Understanding the Basics**
* **Dr. Petrova**, can you explain for our audience what “sniper bots” are and how they operate in the context of meme coin trading? What makes them particularly effective in targeting these types of coins?
* **Mr. Chang**, from your experience as a trader, what attracts these bots to meme coins specifically, and what are the typical profit margins they aim for?
**Section 2: Case Study: The $6.8 Million Bot**
* The article highlights a specific bot that generated a staggering $6.8 million in profit by sniping meme coins. **Dr. Petrova**, can you analyze what strategies this bot likely employed to achieve such remarkable returns?
* **Mr. Chang**, from a trader’s perspective, what are your thoughts on the potential dangers of such bots becoming increasingly sophisticated and prevalent in the market? Could they manipulate pricing or create unfair advantages for specific individuals or groups?
**Section 3: Ethical Considerations and Regulation**
* **Dr. Petrova**, what are the potential ethical implications of relying heavily on bots for trading decisions, particularly in a largely unregulated space like the meme coin market?
* **Mr. Chang**, as we see the rise of these automated tools, do you believe there is a need for increased regulatory scrutiny in the crypto market to ensure fairness and transparency?
**Section 4: Future Outlook**
* **Dr. Petrova**, how do you envision the evolution of sniper bots and their impact on the future landscape of cryptocurrency trading? Will these bots become more commonplace, or will the market adjust to their presence?
* **Mr. Chang**, from a personal investment perspective, what advice would you offer to both novice and experienced traders navigating a market increasingly influenced by these automated players?
Thank you, guests, for sharing your invaluable insights on this fascinating and complex topic. This discussion highlights the dynamic and ever-evolving nature of the cryptocurrency world, raising crucial questions about technology, ethics, and regulation that demand continued attention and open dialog.
