Crypto Trading Bot Became Millionaire After Earning $6.8M With Memecoins

Amid the challenging crypto market conditions, crypto trading bots have become investors’ biggest helping hand. Their smart features like technical analysis, problem-solving, and others have equipped them with high profit-generating abilities. As a result, hundreds of such bots exist in the market, making heavy profits, and one such actually made $6.8M in just memecoins, shocking readers.

Crypto Trading Bot Made $6.8M With Memecoins in Just a Month

In the last few years, bots for crypto trading 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 a few days ago and sold them within hours 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 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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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.