Solana Trading Bot Turns 20 cents Into $1.32 Million on Ant Blockchain

Automated trading bots extracted about $1.32 million by exploiting a price gap in Ant Blockchain (ANB). The dislocation appeared across two Meteora liquidity pools, according to on-chain trackers and Solana market watchers.

The largest single trade converted about $0.227 in USD Coin (USDC) into $696,000, spending only 2.32 SOL in priority fees. Multiple wallets repeated the play until the price gap closed.

Solana MEV Bots Extract $1.32 Million From ANB Arbitrage

A large ANB sell of roughly 8 billion tokens hit a Meteora Dynamic Automated Market Maker (DAMM v2) pool. That swap caused a 99% price impact, according to Solana analyst Kakashi.

The same token kept trading at its prior price inside a parallel Meteora Dynamic Liquidity Market Maker (DLMM) pool.

That mismatch handed bots a profitable arbitrage window. Bots could buy ANB in the cheap pool and resell it in the expensive one within a single atomic transaction.

Routing varied between two paths. Some bots cycled USDC into ANB and back into USDC. Others passed through the ANX token before reaching ANB.

Pennies-to-Fortunes Trades on Solana

Solana’s fast blocks and Jito bundle infrastructure helped Maximum Extractable Value (MEV) bots clear the round trips before the gap closed.

One wallet flipped $0.1 into $196,000. Another turned $0.036 into $86,714, according to Kakashi.

“A suspected arb bot made $696K at the cost of just 2.32 $SOL, after a large $ANB swap caused 99% price impact and opened a major arbitrage,” Solana Floor indicated.

The total profit across two consecutive blocks reached about $1.32 million, per MEV tracking.

ANB’s market cap fell 99% during the run and has continued to decline.

Ant.FUN (ANB) Price Performance
Ant.FUN (ANB) Price Performance. Source: CoinMarketCap

Ant.FUN, the project behind the token, has not addressed the event publicly.

The post Solana Trading Bot Turns 20 cents Into $1.32 Million on Ant Blockchain appeared first on BeInCrypto.

Leave a Reply

Your email address will not be published. Required fields are marked *

UP NEXT

Related Tags

Loading RSS Feed

You May Like

Subscribe To Our Newsletter

Metus in ac vivamus dui id purus in risus. Nunc fringilla donec amet pulvinar vivamus suscipit. Augue porttitor eu sed proin tortor bibendum facilisis felis. Nunc egestas tellus nisl tempor aliquet malesuada ali eu sed proin tortor bibendum facilisis felis
Stay Updated by our Monthly / Weekly News Update. Zero Spamming. Terms & Condition Applied