With the bullishness of the crypto market, investors are witnessing heavy gains, but surprisingly, crypto trading bots are making the best out of it. As the growing technology has brought many helping hands to the crypto industry, trading bots are way over others, as their technical analysis, problem-solving, and other features have equipped them with high profit-generating ability. And this is what happened with this one, as it made $6.8M in just memecoins.
Crypto Trading Bot Made $6.8M With Memecoins in Just a Month
In the last few years, trending crypto bots have created a demand among investors for their trading journey. Their prime benefits, like quick decision-making skills, non-emotional decisions, and 24/7 workability, have made trading easier. One such has brought everyone’s attention to itself as it earned $6.8M in just a month.
As per the Lookonchain post, the bot has earned millions after snipping memecoins on the Pump.Fun, a token launcher where hundreds of new meme-themed cryptocurrencies get introduced. Many crypto investors take advantage of trading here by buying tokens at their early launch and earning profits once their demand grows.
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
This crypto trading bot did the same and traded multiple tokens over the month. The bot mainly operated with the wallet address “orcACR…TCc8” for sniping and later transferred the profits to another wallet “orcAbs…NJMb.” In the last month, the crypto bot transferred 27,000 SOL in profits. Out of these, 19,000 SOL are deposited in the OKX crypto exchange, probably for selling and cashing out.
Interestingly, the crypto trading bot invested in two newly launched tokens FATHA and FRIC, and made heavy returns almost immediately. Talking about the first, it spent 2 SOL to buy 57M FATHA around three days ago and sold them soon for 4,456 SOL, making a profit of 4,454 SOL, equivalent to $1.12M. With this single trade, he generated 2,227x returns on its initial investment, which is impressive.
The bot again spent 1.75 SOL yesterday and bought 58.57M FRIC. With that, he made 1,644 SOL, equivalent to $418k, which is a 943x return on the initial investment.
Not The First Crypto Bot Millionaire
Interestingly, this is not the first scenario of bots dominating the crypto market. Hundreds of crypto bots exist in the market, and many have made heavy returns.
Before this, an AI bot made $1.88M in just five hours. The bot Tee Hee bought 53.45 TEE He for just $1.5k and sold them when the price reached a high, making $1.88M in just five hours. However, this is a rare event as these jumps are not that common in the market, but when they do, the opportunists make the heaviest gains.
However, this is not the only different example. The popular AI bot Truth Terminal also brought this trend when it endorsed the GOAT memecoin, which went super viral. This only made heavy gains, as Truth Terminal became the first AI bot millionaire.
With these epic technologies carrying strategic planning and investment tactics, the future of the crypto trading industry sounds amazing.
Key Things About Crypto Trading Bots
Crypto trading bots have come a long way and helped many investors. Many bots have become millionaires with data analytics, speed, and efficiency. However, certain factors should be considered before getting involved with any such bot.
There are many options in the market, but not all fit perfectly with every investor’s requirements. More importantly, there have been many scams and thefts with such bots, which is concerning. It is important to research these thoroughly.
Even though crypto bots implement deep analytics, the outcome may vary due to the market’s volatility, which could cause losses. There are also transparency and dependence issues, which limit the trader experience, so careful consideration is needed before involving with any bot.
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