A savvy trading bot has reportedly earned an astonishing 27,000 $SOL (~$6.8M) over the past month by sniping memecoins on the Pump.fun platform.
This bot, operating under the address “orcACR…TCc8,” has mastered the art of spotting and capitalizing on early token price surges.
Just two days ago, the bot demonstrated its efficiency by spending a mere 2 $SOL to acquire 57 million $FATHA tokens. It later sold these tokens for a jaw-dropping 4,456 $SOL (~$1.12M), achieving an extraordinary 2,227x return.
A bot may have earned ~27,000 $SOL($6.8M) by sniping #memecoins on https://t.co/C909I8882s over the past month!
2 days ago, the bot spent just 2 $SOL to snipe 57M $FATHA and sold it all for 4,456 $SOL, netting 4,454 $SOL($1.12M)—a staggering 2,227x return!
Today, it spent 1.75… pic.twitter.com/BQf15VpClQ
— Lookonchain (@lookonchain) November 25, 2024
Today, the bot repeated its success by spending 1.75 $SOL to purchase 58.57 million $FRIC tokens. It later flipped them for 1,646 $SOL (~$418K), netting a 943x return on its investment.
Trader Makes Strategic Moves And Profits
In another notable trade, a separate trader spent 25 $SOL (~$6.3K) to acquire 297 million $FRIC, representing 29.7% of the token’s total supply. The trader then sold 258 million $FRIC for 4,693 $SOL (~$1.18M) while retaining 39.08 million $FRIC, worth approximately $380K.
Making over $1.5M in less than an hour—a massive profit!
This trader spent 25 $SOL($6.3K) to buy 297M $FRIC(29.7% of the total supply) and sold 258M $FRIC for 4,693 $SOL($1.18M), leaving 39.08M $FRIC($380K)!
Address:
7aiyRXL33ggHpiTNEeRDuSFbDPotbdyArFgCcgDUpVkt… pic.twitter.com/guShdAw1DB— Lookonchain (@lookonchain) November 25, 2024
The bot transfers its profits to a secondary address, “orcAbs…NJMb,” where it has deposited a total of 27,000 $SOL in the past month. Of this, 19,000 $SOL has already been sent to the OKX exchange for cashing out.
This automated trading activity highlights the lucrative potential of memecoin sniping, particularly for those equipped with sophisticated bots. As platforms like Pump.fun grow in popularity, these bots continue to capitalize on market volatility, turning minimal investments into multi-million-dollar gains with surgical precision.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/bot-nets-6-8m-in-solana-by-sniping-memecoins-on-pump-fun/