According to ChainCatcher, blockchain data monitoring platform Lookonchain found that an automated trading robot named "orcACR...TCc8" successfully made a profit of about 27,000 SOL, equivalent to about 6.8 million US dollars, by sniping MEME tokens in the past month.
Two days ago, the robot purchased 57 million FATHA tokens at 2 SOL, and then sold them at 4456 SOL, making a net profit of 4454 SOL, with a yield of 2227 times. Today, it made another move, purchasing 58.57 million FRIC tokens at 1.75 SOL and selling them at 1646 SOL, making a profit of 1644 SOL, with a yield of 943 times.
The robot transferred part of the profit to the address "orcAbs...NJMb", and has transferred 19,000 SOL of it to the OKX exchange for cash. This series of operations shows the potential profitability of automated trading in the digital currency market, but also raises concerns about market volatility.