Solana Trading Bot Turns 20 cents Into $1.32 Million on Ant Blockchain
BeInCrypto
Automated trading bots exploited a price discrepancy across two Meteora liquidity pools on Solana, generating $1.32 million in profit from minimal initial investments.Summary
Automated trading bots leveraged a massive price discrepancy in the Ant Blockchain (ANB) token across two parallel Meteora liquidity pools on the Solana network. A large sell order caused a 99% price impact in one pool, while the price remained stable in another, creating a lucrative arbitrage opportunity. Utilizing fast block times and Jito bundle infrastructure, bots performed atomic transactions that converted tiny amounts of capital into gains reaching up to $696,000 per trade. The total extracted value reached approximately $1.32 million, while the ANB token's market capitalization experienced a significant decline following the event.
(Source：BeInCrypto)