Ross Ulbricht lost $ 12 million in a Bot Mev while trying to provide liquidity for the Ross Meme currency in Raydium, a DEX in Solana.
In fact, some merchants are “coining” money trade memes coins. Obtaining a piece of the market capitalization industry of $ 105 billion seems to be the agenda.
The bad news is that of the millions, even billions, from ROI collected, only a small percentage of meme coins merchants win. Most lose, not only due to bad entrances and carpet pulls, but sometimes to bots.
Ross Ulbricht loses money: What happened?
Arkham intelligence analysis As of January 30, he reveals that Ross Ulbricht, or someone with access to his wallets in Solana, lost approximately $ 12 million in a failed attempt to supply liquidity for a meme coin called Ross. The meme coin, Ross, similar to Trump, was coined in the bomb.funA launch in Solana.
According to the blockchain analysis platform, Ulbricht lost money due to a possible failure in the Raydium liquidity group, a DEX in Solana.
Unfortunately for him, the liquidity group at error at error at the wrong price. This error was quickly collected by a maximum removable value bot (MEV), which allows you to see instantly tokens worth $ 1.5 million, or 5% of the total supply, and sell them in the pool.
(Fountain)
Ulbricht (or the account administrator) repeated the process even after this error. However, instead of $ 1.5 million, the Bot Mev took another $ 10.5 million, or 35% of the total supply, and sold it in the pool.
After this bot of bot, the Token Ross submerged in more than 90%.
(Fountain)
To blame the Bots of Solana and Mev?
With prices going down, Ross’s headlines lost money.
Unless Ross increases the impulse now that Ulbricht is a celebrity and known for making the cryptographic become the past, Token will probably be flat or even fall more.
The case is: Should you blame the Mero -Dead Bots of Ulbricht or Solana?
Ulbricht could have made a mistake, but the presence of MEV Bots meant that there was no time to correct the error.
Instead, Mev Bots saw this arbitration opportunity and earn money at the expense of others.
And this is a common issue in Solana.
With booming memes coins and billions quoted daily, the MEV bots are occupied (unfairly) cutting millions of all dex merchants.
These bots continually scan the block chain, exploiting inefficiencies and price errors in dexes such as Raydium. Once they choose an error, they run ahead of users, extracting value from them.
For example, in 2024, a merchant bought wif by error at $ 3, while the Token traded for $ 0.20. A bot Mev saw the error and instantly capitalized this error.
Information show That Jito Labs, a Flashbot operator, directs the MEV operations in Solana. In 2024, they cumulatively generated almost $ 500 million alone in Solana.
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