🚨 Bot Profits $6.8M by Sniping Memecoins on Pump.fun

Key Highlights:

A sophisticated sniping bot has reportedly earned ~27,000 $SOL (~$6.8M) by trading memecoins on Pump.fun in the past month.

Recent Trades:

$FATHA (2 days ago):

Spent: 2 $SOL to snipe 57M $FATHA.

Sold: 4,456 $SOL (~$1.12M).

Profit: 4,454 $SOL (~2,227x return).

$FRIC (Today):

Spent: 1.75 $SOL to snipe 58.57M $FRIC.

Sold: 1,646 $SOL (~$418K).

Profit: 1,644 $SOL (~943x return).

Bot Operations:

Sniping Wallet:

Address: orcACRJYTFjTeo2pV8TfYRTpmqfoYgbVi9GeANXTCc8

Profit Transfer Wallet:

Address: orcAbsjojvVkw9M5cQnRZ5UEASXjpQEi2Pp8cx7NJMb

Total Profits Transferred: 27,000 $SOL.

Cashing Out:19,000 $SOL has been deposited into #OKX for selling and liquidation.

Implications:

This bot exemplifies the lucrative potential of automated trading and memecoin sniping but also underscores risks for traders against such advanced algorithms.

The #bot ’s activity may influence liquidity and price spikes on #Pump.fun, so manual traders should exercise caution.

Stay vigilant and adapt to the changing dynamics in the memecoin space!