{"id":18893,"date":"2024-11-25T17:36:34","date_gmt":"2024-11-25T15:36:34","guid":{"rendered":"https:\/\/forklog.com\/en\/sniper-bot-nets-6-3-million-from-meme-coins\/"},"modified":"2024-11-25T17:36:34","modified_gmt":"2024-11-25T15:36:34","slug":"sniper-bot-nets-6-3-million-from-meme-coins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sniper-bot-nets-6-3-million-from-meme-coins\/","title":{"rendered":"Sniper Bot Nets $6.3 Million from Meme Coins"},"content":{"rendered":"<p>Over a 30-day period, a trading bot amassed approximately 27,000 SOL ($6.8 million) through sniper trades involving several meme coins on the Pump.fun platform. This activity was highlighted by analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A bot may have earned ~27,000 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($6.8M) by sniping <a href=\"https:\/\/twitter.com\/hashtag\/memecoins?src=hash&#038;ref_src=twsrc%5Etfw\">#memecoins<\/a> on <a href=\"https:\/\/t.co\/C909I8882s\">https:\/\/t.co\/C909I8882s<\/a> over the past month!<\/p>\n<p>2 days ago, the bot spent just 2 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a> to snipe 57M <a href=\"https:\/\/twitter.com\/search?q=%24FATHA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FATHA<\/a> and sold it all for 4,456 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>, netting 4,454 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($1.12M)\u2014a staggering 2,227x return!<\/p>\n<p>Today, it spent 1.75\u2026 <a href=\"https:\/\/t.co\/BQf15VpClQ\">pic.twitter.com\/BQf15VpClQ<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1860985518055669920?ref_src=twsrc%5Etfw\">November 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Two days ago, the bot <a href=\"https:\/\/solscan.io\/account\/orcACRJYTFjTeo2pV8TfYRTpmqfoYgbVi9GeANXTCc8\">spent<\/a> 1.75 SOL to acquire 57 million FATHA, and after the coin&#8217;s price surged, sold it for 4,456 SOL ($1.12 million). The profit amounted to 2,227%.<\/p>\n<p>On November 25, it purchased 58.57 million FRIC for 1.75 SOL. The sale of the asset resulted in a 943-fold return on investment\u20141,646 SOL ($418,000).<\/p>\n<p>The bot operates on a decentralized wallet for sniping and transfers profits <a href=\"https:\/\/t.co\/x5CWgXJFp8\">to the OKX exchange<\/a>. In total, over the past month, it deposited 19,000 SOL of the 27,000 SOL earned to this address for further sale.<\/p>\n<p>Previously, ForkLog reported that an insider at Sotheby\u2019s achieved a 490-fold profit on the meme token BAN.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over a 30-day period, a trading bot amassed approximately 27,000 SOL ($6.8 million) through sniper trades involving several meme coins on the Pump.fun platform. This activity was highlighted by analysts at Lookonchain. 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1161,1290],"class_list":["post-18893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes","tag-trading-bots"],"aioseo_notices":[],"amp_enabled":true,"views":"109","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18893"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18892"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}