The bot brought cryptocurrency trader Dogwifhat $1.9 million
The bot, developed by employees of the 2fast platform, brought the trader of the meme-based cryptocurrency Dogwifhat (WIF) $1.9 million in two operations.
Using a tool created by specialists from the startup Jito Labs, the software discovered an opportunity to perform a highly profitable arbitrage transaction and included several transactions in one package in order to perform several operations simultaneously.
Purchase of 490,000 WIF for 703 Solana (SOL) worth $72,725 (at the exchange rate of $103.45 at that time);
Exchange 490,000 WIF for 19,035 SOL with a profit of almost $1.9 million.
Transactions performed by the bot
The bot managed to hit the jackpot thanks to the low liquidity on the Raydium pool. A trader who owns the zeroxtrading.sol wallet decided to buy $8.9 million worth of WIF in one fell swoop. Due to the relatively small number of tokens offered for sale, the order was executed at the average Dogwifhat rate of $3, almost 15 times the market value of the coin.
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