How a Trading Bot Made $6.8M on Pump.fun Memecoins, What Strategy Did The Bot Use

Traders are increasingly using bots to automate their strategies. On Monday, November 25, Lookonchain reported that one bot made substantial profits on Pump.fun. Over the past month, the bot made 27,000 SOL, or $6.8 million. 

For instance, on November 23, the bot invested 2 SOL to buy 57 million FATHA tokens. Soon after, the bot sold these tokens for 4,456 SOL, which is a 2,227x return. Just two days later, the bot bought 58.57 million FRIC tokens for 1.75 SOL. Later, the bot sold these tokens for 1,646 SOL, a 943x return. 

Bot’s trading patterns suggest that the strategy was a “SPRAY and PRAY” method. This means that the bot invested small individual amounts into a large number of projects. This strategy expects that these tokens will return outsized returns. 

The strategy relies on selecting small-cap tokens that have significant upside. These tokens are selected for their potential. While the exact criteria for selection is not known, it likely relies on some user engagement metrics. 

The strategy relies on a large failure rate for individual investments. Traders who use this strategy know that the vast majority of their investments will fail. They also know not to sell a winning token as soon as it goes up, as these tokens have to compensate for all the failed investments.

Crypto Hack Weekly Report: Threat Analysis and Major Escalation of Hacks

1. First-Ever AI Poisoning Attack Targets Solana Wallet

This was the first reported AI poisoning attack in the cryptocurrency space and the victim lost $2500 from the Solana wallet where he stored his digital currency. The user used ChatGPT to build a meme token sniping bot for the Solana-based platform called Pump.fun. 

However, the attacker locked the user’s profile and put the API link containing the backdoor in the conversation. the attackers were able to access the user’s private wallet keys. SOL, USDC, and several meme coins, which were stolen were transferred to a wallet that had over 281 other similar trades connected to it. 

2. Phishing Scheme Nets $6.3 Million; DOJ Takes Action

Five people associated with hacking groups 0ktapus and Scattered Spider have been indicted by the U.S. Department of Justice (DOJ). These groups coordinated different phishing scams aimed at gaining access to employees’ credentials of tech companies and cryptocurrency companies. The hackers took advantage and got around the organisation’s two-factor authentication, or 2FA, and made away with $ 6·3 m worth of cryptographic currency besides other information. 

3. Polter Finance Loses $7 Million in DeFi ExploitThe decentralized finance DeFi platform based on the Fantom blockchain was targeted within a smart deal compromise and finished up losing $7 mln. The attacker used Tornado Cash, a privacy-based platform built on Ethereum to wash coins and switch them to the Fantom network and exploited Polter Finance vulnerabilities. To that end, Polter Finance suspended trading operations, sent out reports to cross-chain bridges regarding the unauthorized transfer of stolen assets and worked with authorities to track the involved addresses. 

This week’s events show the growing complexity of cyber threats aimed at cryptocurrencies and using AI, phishing, and DeFi weak spots. Though innovations such as AI and cross-chains are very accessible they come with lots of risks as well. 

So as I hoped buying momentum stepped in and stopped the massive dump to $94k... now if this momentum still holds and $95k serves as a strong support level then $BTC to $100k is imminent. so stack up your bags guys... its a road to 100k!

Solana $SOL announced that Web3.js v2 will be released on DECEMBER 16th.

📢The new version aims to enhance performance and compatibility with existing projects. The price sitting ranging between at $265k and $250k. if price can break and close above $265k then massive buyers interest will set in anticipating the release of their web3 v2.

Told you guys $BTC will fall to $97k if it fails to break the consolidation zone and if $96k doesn't hold.... $BTC will do a massive dump to $94k

DELIO PLATFORM GOES BANKRUPT WITH $1.75B in ASSETS LOST
On November 22, a court in Seoul declared Delio platform, a South Korean virtual asset deposit platform, insolvent, according to numerous local press reports.

Last year, Delio suspended withdrawals due to its outstanding debt of 245 billion won ($1.75 billion) to its customers.Delio says there is possibility of resolving customer issues, the platform will initiate liquidation proceedings. The initial creditors’ meeting will be conducted on March 19, 2025, and customers can submit claims until February 21, 2025. Subsequently, Delio platform needed to recover its assets following the bankruptcy of FTX in November 2022 and return consumer assets after June 13, 2023. The bankruptcy has impacted approximately 2,800 customers.
In September 2023, the platform filed a countersuit against the South Korean government for misinterpreting the law. This action was taken in response to the Financial Intelligence Unit’s recommendation to terminate the CEO Jeong Sang-ho on September 1, 2023. The platform’s business license was provisionally suspended and fined 1.83 billion Korean won ($1.34 million).

Delio, established in 2018, was the first Korean crypto firm to obtain virtual asset service provider (VASP) status from the FIU in 2022. In June of this year, Delio suggested establishing a new company, transferring its debt to it, and selling the company to a bidder seeking VASP status.

Jeong Sang-ho is currently facing charges of fraud, embezzlement, and breach of trust. In June, he contended in court that the platform did not provide “principal protection” for customers’ deposits.

Haru Invest, Delio’s sister corporation, ceased operations concurrently with Delio. It filed a lawsuit against B&S Holdings, a consignment operator, on June 14, 2023, for furnishing it with fraudulent management reports. On November 20, Haru Invest was declared insolvent.

#LiquidationHeatmap

#BITCOIN $BTC ROAD to $100k?!📢
The price of btc is currently ranging to break above >$99k+ and <$98k+ levels mapped out from my analysis shows if btc can maintain this momentum which it definitely will to read ATH of $100k or if it breaks below $98,500k. then there's a potential short term sell pressure to take price down to $96k
#BTCBreaks100K?

Don’t let Memefi allocation and disappointment makes you give up on crypto.

Remember, Crypto isn’t only about airdrop farming.

Try and learn how to trade. Spots, margin or futures trading.

Learn how to find token with great future potentials, buy them and hold. #memefi_coin

User $SOL Solana wallet exploited in first case of AI poisoning attack
Hackers are finding new ways to spread malicious links, even using AI chatbots. In one case, a chatbot suggested a fake API for a user building a crypto app. The flawed API tricked the app into asking for the user’s private wallet key, stealing all their funds.

The fake API has been actively stealing cryptocurrency, completing 281 transactions and compromising many wallets, though most losses were small. This highlights that AI tools, while useful, aren’t always secure, especially in Web3 and crypto-related tasks. Experts suggest the issue likely arose because the user trusted the AI's suggestions without verifying the code, allowing a hidden exploit to go unnoticed.

Crypto tips:

1. Research: twitter, youtube, google alerts, bookmark websites
2. Get into quality community group chats, follow up crypto experts and get insights from them
3. Know the entry point in a trade is crucial
4. Be one step ahead of the masses
5. Take profit w excessive volatility
6. Know when to just hodl

Crypto lover Teresa Goody Guillen is Trump’s pick to replace SEC chair Gensler

The SEC could see a major leadership shift under Trump’s potential second term. Displeased with current SEC Chair Gary Gensler’s strict “regulation by enforcement” approach, Trump is poised to replace him with someone more industry-friendly. A leading candidate is Guillén, a blockchain expert and co-leader of BakerHostetler’s blockchain practice, who previously worked at the SEC during the Obama administration. Guillén’s combination of insider experience and advocacy for crypto firms has made her a favorite among industry executives eager for a regulatory reset.

The crypto industry, which donated over $130 million to Trump’s campaign and other Republican candidates, has grown increasingly frustrated with Gensler’s tactics. It is lobbying for a leader who will encourage innovation rather than stifle it. Coinbase CEO Brian Armstrong has even met with Trump privately to discuss key appointments, emphasizing the high stakes for blockchain and crypto’s future.

Guillén is among several potential replacements, including former SEC Commissioner Paul Atkins, Robinhood Chief Legal Officer Dan Gallagher, and Brian Brooks, who previously served as acting Comptroller of the Currency. While Guillén’s track record—ranging from advising on SEC enforcement actions to working with former SEC chairs—makes her a strong contender, Trump’s team hasn’t finalized a decision.

Gensler, meanwhile, appears to be accepting his exit, even referring to his role in the past tense. His departure is expected soon, as SEC chairs often step down during presidential transitions. Beyond the SEC, Trump is making bold and controversial moves with his cabinet picks, including tapping U.S. Rep. Matt Gaetz for attorney general, despite ongoing legal issues, and considering several high-profile figures for treasury secretary.
$BTC

Is DOGE heading to ATH of $0.5? From the fundamental insight Elon Musk has really had his influence in DOGE meme coin and also as the Department of Government Efficiency. It is not "IF" but "WHEN" DOGE Coin will breakthrough ATH. Am really bullish on this coin $DOGE

Russian Ransomware Operator Extradited to US for $16M Cybercrime Case

The U.S. Department of Justice (DOJ) has extradited Evgenii Ptitsyn, a 42-year-old Russian national, from South Korea to face charges for his alleged role in the Phobos ransomware operation, which has impacted over 1,000 organizations worldwide. Ptitsyn is accused of managing the sale, distribution, and deployment of the ransomware, which targets sectors like healthcare, education, and government.

Phobos ransomware, a Ransomware-as-a-Service (RaaS) tool, encrypts victims’ data and demands ransom payments, often threatening to expose the files. From 2021 to 2024, affiliates allegedly deposited ransom payments into cryptocurrency wallets linked to Ptitsyn, identified through blockchain analysis. Phobos spreads via phishing and brute-force attacks on Remote Desktop Protocol (RDP).

Ptitsyn faces 13 counts, including wire fraud, computer fraud, and extortion, each carrying a potential sentence of up to 20 years. His extradition resulted from international cooperation among South Korea, Japan, and several European nations.

Already surged 50%. currently at existence level but buying pressure is still kicking in and possibly break this zone $DOGS

Russia is proposing a 15% tax on cryptocurrency earnings as part of new regulations for crypto mining and transactions. Key points include:

1.Tax on Crypto Earnings: A 15% personal income tax will be applied to crypto earnings. Miners can deduct expenses, and income from crypto transactions will be taxed like securities.

2. Mining Oversight: Mining operators must inform tax authorities about who uses their facilities, though details are unclear. Industrial miners must register with authorities, but small-scale, home miners are exempt if they stay within energy use limits.

3.Unrealized Gains Tax: Miners may also face taxes on the value of coins they haven't sold yet, which could complicate operations.

4.Electricity Restrictions: Only registered entrepreneurs and organizations can mine crypto, with electricity use capped for unregistered individuals.

5.Digital Currency Shift: Russia is pushing for broader integration of digital currencies, including a pilot for crypto-powered banking and ongoing efforts with the digital ruble.

This reflects Russia’s aim to tighten control over the crypto sector while adapting to digital finance trends.
$BTC

For the first time in Bitcoin history, the balance of $BTC on exchanges is declining during a bull run. This cycle is different. A MASSIVE SUPPLY SHOCK IS COMING📢

This move demonstrates the firm’s strong belief in XRP’s future potential, especially as Ripple’s long-running legal battles with the SEC draw closer to resolution. The firm’s Chief Investment Officer, Matt Hougan, recently discussed the potential impact this could have on XRP’s future trajectory.

Bitwise’s optimism about XRP stems from its technological capabilities and dedicated user base. In a recent interview, Hougan shared his thoughts on the asset’s promise, despite the legal complications that have held it back. He pointed out that while XRP’s innovative technology, particularly the XRP Ledger, has already proven its worth, its true value has been limited by the ongoing SEC lawsuit.

Hougan likened Ripple’s position to trying to perform with one hand tied behind its back. However, he believes that once the legal clouds clear, XRP could see significant growth, benefiting from both its strong foundation and growing institutional interest.

Bitwise’s push for an XRP ETF highlights the increasing institutional interest in the coin. Hougan noted that traditional financial giants, including Société Générale, are starting to integrate XRP’s technology into their systems, indicating that XRP is gaining recognition from the broader financial sector. If regulatory clarity improves, Hougan believes XRP’s market potential could expand dramatically, making the proposed ETF a pivotal move for the cryptocurrency space.
$XRP

MicroStrategy buys $4.6B of Bitcoin as price hits new highs

MicroStrategy has acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 Bitcoin as BTC prices hit record highs above $92,400.

To acquire thousands of new BTC, MicroStrategy used fresh proceeds from a share sale under a sales agreement with companies like TD Securities made on Oct. 30, 2024.

During the period between Nov. 11 and Nov. 13, MicroStrategy sold an aggregate of 13.6 million shares under the agreement for $4.6 billion.

As of Nov. 17, around $15.3 billion of shares remained available for issuance and sale pursuant to the agreement, MicroStrategy noted in its 8-K filing with the Securities and Exchange Commission.

The purchase came amid Bitcoin breaking past $90,000 for the first time in history on Nov. 12 and extending gains further to the all-time high of $92,400 the next day.

$BTC

True #memenomics

Bitcoin still has 'a long way to go' at $90K: Cathie Wood

The continued market momentum would be driven by “regulatory relief,” one of the most important things coming out of the new administration, said ARK Invest’s Cathie Wood.

Bitcoin may have recently hit a new all-time high at above $90,000, but ARK Invest’s Cathie Wood says it still has a “long way to go.” 

She pointed out that Ark was the first public asset manager to gain exposure to Bitcoin in 2015 at $250, “and we still at $90,000 think we have a long way to go,” she said in an interview on CNBC’s Squawk Box on Nov. 15. 

Wood continued to explain that the continued momentum would be driven by “regulatory relief” which was one of the most important things coming out of the new administration.

We’re looking at Bitcoin BTC$90,645 now being viewed as a new asset class, she said before adding that it is “not just a global monetary system, it is a new asset class and what that means is institutions, and asset allocators are saying ‘this asset is behaving differently from all our other assets and we need to include it.’” 

$BTC