Skip to content
  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About
  • MachinaAI

    Login
    • Home
    • News
    • Dashboard
      My Dashboard Equity Dashboard Analyst Dashboard Large Companies Portfolio
    • Smart Reports

Simplify financial decision-making

Machinary offers a modular and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

 

Register now and get free Credits

Sign up

Know the Market. Stay Ahead.

Market Insights & Analytics.

Gain access to a comprehensive retail platform with real-time updates on the stock market and critical financial metrics. Leverage advanced tools for better decision-making:

  • Overview of stock market data:Stay updated with the latest market trends and performance.
  • Monitor AI-based predictions:Access detailed company analytics.
  • Sentiment Analysis:Understand market emotions with AI-driven sentiment insights.
  • Relevance Score:Prioritize information that matters most.
  • Chatbot Integration:Get instant answers and insights through smart AI.
  • Customizable Widgets:Add or remove widgets to tailor your dashboard.
Sign up for early access

Stay Informed. Act Strategically.

Real-Time News Portal.

Unlock actionable insights with categorized, real-time news updates tailored to your needs. Stay ahead in the market with a reliable flow of information:

  • People:Explore updates about key influencers and market leaders.
  • Public Companies:Stay informed on listed corporations and their market activities.
  • Non-Public Companies:Gain insights into the operations of private enterprises.
  • Countries:Understand regional economic shifts and geopolitical trends.
  • Commodities:Monitor pricing and trends for critical commodities like oil, gold, and more.
  • Currencies:Keep track of currency fluctuations and forex market developments.
Sign up for early access

Modular Power. Limitless Potential.

Machinary empowered by MachinaCore

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Reaching new heights together.

Stay tuned for what’s coming next.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Sign up for early access

Explore tailored enterprise solutions - that make an impact.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Get in touch

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

  • Home
  • News
  • Dashboard
  • About us
  • Contact

Address

  • MachinaLabs AG
  • Viaduktstrasse 42
  • 4051 Basel
  • Switzerland

  • info@machinalabs.net
  • machinalabs.net

Newsletter

Subscription successful!

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Predefined Themes

Layout settings

Choose the font family that fits your app.

Choose the gray shade for your app.

Choose the border radius factor for your app.

Save settings

Welcome to Machina, a platform to connect with the social world

Forgot Password?

Don't have an account?Sign Up

Welcome to Machina, a platform to connect with the social world

Already have an account?Login

  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About

Solana MEV Bot Seizes $1.7M Profit from Unusual Memecoin Trade

  1. Home
  2. Bobs-News Categories Cryptocurrency Innovations
  3. Solana MEV Bot Seizes $1.7M Profit from Unusual Memecoin Trade
  • bob
  • 2024-01-13
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • Investment Insights
  • World

A Solana-based maximum extractable value (MEV) bot recently seized a $1.7 million profit from a single, unconventional trade involving the memecoin Dogwifhat (WIF). The bot, operated by an entity known as ‘2fast’, executed a sequence of swaps involving 703 Solana (SOL) tokens and 490,000 WIF tokens, which were then converted back into 19,035 SOL. This impressive feat left the crypto community in awe.

MEV bots, automated algorithms, constantly monitor blockchain networks for lucrative trade opportunities, aiming to profit from them. They take advantage of pricing differences, quickly carry out orders based on set criteria, and make large profits. The success of this MEV bot on Solana was made possible through the use of a sophisticated tool developed by Jito Labs, the development arm of the Solana liquid staking protocol, Jito.

This innovative off-chain blockspace auction system allows traders to submit transaction bundles accompanied by bids for their inclusion in the Solana blockchain. The primary objective of this mechanism is to enhance the reliability and efficiency of transaction execution on the Solana network.

The catalyst for this remarkable arbitrage opportunity came from a trader known as ‘zeroxtrading.sol,’ who made a colossal $8.9 million purchase of WIF tokens in a low-liquidity pool. This decision caused the order to fill at an excessive rate of approximately $3 per WIF token, which was an astonishing 1,400% higher than the token’s intrinsic value at that time. Consequently, the immediate aftermath of this trade saw the trader facing a devastating 92% loss of their funds.

In a post from January 11, pseudonymous developer Pland revealed that the MEV bot used a very basic backrunning tactic to profit from the trader’s ineffective deal execution. Backrunning aims to profit from large-scale mispriced trades by seizing arbitrage opportunities without causing harm to other users of the blockchain network or the initial trade price.

As a direct result of this unconventional trade, the price of WIF experienced a brief surge, reaching as high as $4. Despite the trader’s substantial losses, this price movement prompted renewed interest among crypto enthusiasts, leading to a 50% gain in the price of WIF shortly after the dramatic drop.

It’s worth noting that MEV tips direct the Sol tokens earned towards validators who operate the Jito client on the Solana blockchain. This creates a symbiotic relationship between MEV-seeking bots and the validators, incentivizing the latter to maintain a robust network while the former extracts value from trading opportunities.



This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment neutral
Relevance Score 1
People Pland, Norbert Bodziony
Companies Solana, Crypto News Flash, Raydium AMM, Jito Labs, Jito, Meteora, Orca, Solscan
Currencies Solana, dogwifhat
Securities None

Leave a Reply Cancel reply

You must be logged in to post a comment.



 MachinaTrader

A new era of trading and data analytics

Everything in one place. Highly reliable, ultra-scalable and blazingly fast!

Related Links

News Blog
Forums
FAQ
About
Privacy Policy (DSGVO/GDPR)

Our Partners
sygnal logo 40
bullishtimes logo white
© 2023 MachinaLabs AG. All Rights Reserved.
People Who like this post
  • img
img