In the tough crypto market conditions, crypto trading bots have become the biggest helping hand of investors. Their intelligent features such as technical analysis, problem solving and others have endowed them with high profit generating capabilities. As a result, hundreds of such bots exist in the market, making large profits, and one of them actually made $6.8 million in memecoins alone, which shocked the readers.
Crypto Trading Bot Earned $6.8 Million From Memecoins in Just One Month
In recent years, crypto bot trends have created a demand among investors for their trading journey. Their main advantages, such as fast decision-making capabilities, non-emotional decisions, and 24/7 functionality, have made trading easier. One of them caught everyone’s attention as she earned $6.8 million in just one month.
According to the Lookonchain article, the bot made millions after minting memecoins on Pump.Fun, a token launcher where hundreds of new meme-themed cryptocurrencies are introduced. Many crypto investors take advantage of trading here by purchasing tokens upon their early launch and making profits once their demand increases.
One bot may have won around 27,000 $ SOL($6.8 million) per sniper #memecoins on https://t.co/C909I8882s over the last month!
2 days ago the bot only spent 2 $ SOL pull 57M $FATHA and I sold everything for 4,456 $ SOLtotaling 4,454 $ SOL($1.12M): a staggering return of 2,227x!
Today he spent 1.75… pic.twitter.com/BQf15VpClQ
– Lookonchain (@lookonchain) November 25, 2024
This crypto trading bot did the same and traded several tokens during the month. The bot mainly operated with the wallet address “orcACR…TCc8” for sniping and then transferred the profits to another wallet “orcAbs…NJMb”. Over the past month, the crypto bot has transferred 27,000 SOL in profits. Of these, 19,000 SOL is deposited on crypto exchange OKX, presumably to be sold and cashed out.
Interestingly, the crypto trading robot invested in two newly launched tokens, FATHA and FRIC, and made significant returns almost immediately. Speaking of the former, he spent 2 SOL to buy 57 million FATHA a few days ago and sold them within a few hours for 4,456 SOL, making a profit of 4,454 SOL, the equivalent of 1.12 million of dollars. With this transaction alone, he generated an initial return on investment of 2,227 times, which is impressive.
The bot again spent 1.75 SOL and purchased 58.57 million FRIC. With this, he earned 1,644 SOL, the equivalent of $418,000, a return on his initial investment of 943 times.
Not the first cryptobot millionaire
Interestingly, this is not the first scenario in which bots dominate the crypto market. Hundreds of crypto bots exist on the market, and many of them have achieved significant returns on their investment.
Before that, a The AI robot won $1.88 million in just five hours. The Tee Hee bot bought 53.45 TEE He for just $1.5k and sold them when the price peaked, earning $1.88 million in just five hours. However, this is a rare occurrence because these jumps are not that common in the market, but when they occur, opportunists make the biggest gains.
However, this is not the only different example. The popular AI bot Truth Terminal also brought this trend by supporting the GOAT memecoin, which went super viral. This only led to big gains, as Truth Terminal became the first AI robot millionaire.
With these epic technologies integrating strategic planning and investment tactics, the future of the cryptocurrency trading industry looks incredible.
Key facts about crypto trading robots
Crypto trading robots have come a long way and have helped many investors. Many robots have become millionaires thanks to data analysis, speed and efficiency. However, there are some factors that need to be considered before getting involved with such a robot.
There are many options on the market, but not all of them perfectly match the requirements of every investor. More importantly, many scams and thefts have taken place with such bots, which is concerning. It is important to research them carefully.
Even if crypto robots implement in-depth analyses, the result may vary due to market volatility, which could result in losses. There are also transparency and dependency issues, which limit the trader’s experience, so careful consideration is necessary before getting involved with a robot.
Pooja Khardia
With a deep-rooted passion for reading and five years of experience in content writing, Pooja is now focused on creating trending content in the cryptocurrency market. As a dedicated crypto journalist, Pooja is constantly on the lookout for trending topics and informative statistics to create compelling articles for crypto enthusiasts. Keeping up with the latest trends and advances in the field is an integral part of his daily routine, fueling his commitment to providing timely and insightful coverage.
Disclaimer: Content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
✓ Share: