?? $1M/Day Bot Trading Empire
Gm, this is the doodhwala, the crypto newsletter that works super hard and also plays ROCK HARD! ??
Here’s the work for today:
?? $1M Daily: Jared-from-subway MEV Bot Trading Empire
Thought making a cool million a DAY was just a dream?
Meet jaredfromsubway!??
(that’s an MEV bot, not your local Subway guy)
And ??is one of the most ruthless MEV bots in the crypto market! ??
But first, wtf is an MEV bot:
Imagine you're in a line to buy doodh, and each person has a number that shows their spot in the line. ??
An MEV bot is like a sneaky kid who sees…how much doodh you want and quickly jumps in front of you by paying extra money to the doodhwala?(not us, not us).???
This is how it works:
?? Sneaky kid buys the same amount of doodh
?? Making it more expensive for you when it's your turn
?? After he buys it → He sells it to someone else for a profit
?? Leaves the line
??
In the same way, MEV (Miner Extractable Value) bots detects high slippage transactions on zero tax coins, making them prime targets for front running. ??
Slippage? Zero tax coins?
Calm down, my doodhs!
Let's break it down!???
?? Slippage is the allowed price movement before a transaction is reversed.
?? Zero tax coins are super appealing to MEV bots because they only pay gas fees, not taxes to developers.
And as we all know, higher gas fees?(paying extra to the doodhwala)?= higher priority transactions. ??
Now, back to our hero (or villain?), jaredfromsubway:
1?? Train the MEV Bot
Jared's been training his bot using machine learning for years, and it's now one of the best in the market. ??
2?? Make a Fortune
Here's how it goes down: ??
Step 1?→ Trader places a buy order:
Step 2?→ Jared's MEV bot swoops in:
Step 3?→ The bot's next move:
3?? Spend Millions on Gas Fees
Jared's not afraid to invest in his attacks.
He's spent over $3M on gas fees alone to execute his attacks! ??
Doodhwala's Take:
These MEV bot traders are like the milk thieves of the crypto world! (and you know we hate them milk thieves) ??
Just as you're about to enjoy your daily glass of milk, they swoop in and steal a sip, leaving you with less milk and a sour taste in your mouth. ??
So, what can we do to stay safe?
1?? Be aware of high slippage settings – lower them if possible.
2?? Keep an eye out for zero tax coins that might attract MEV bots.
3?? Educate yourself on the latest crypto trends and bot tactics by ?? reading the doodhwala ????
???Fix Your Finances With Mesha
Crypto companies are not real companies.?But in order for them to work like real companies, they need to get one thing right.
One word. Eight letters. A complete nightmare. ??
Finances.
Whether you run a decentralized finance protocol or a decentralized community of NFT collectors, you need to get your financial operations in check.
Our friends at?mesha.club?can help you.
They’re an all-in-one financial platform for Web3 companies.
Use mesha to:
If there’s one thing you shouldn’t ?? sleep on ?? when building your web3 business is – Finances.
So, why wait?
Book a FREE demo call with mesha and scale your financial operations.
???Wall Street Bets?(and regrets)
Wall Street Bets.
The subreddit that sent the memestock? GameStop ?to the moon and made Hedge funds across Wall Street cry and suffer. ??
The same subreddit that made $AMC?and $DOGE?holders rich and retired. ??
The same Wall Street Bets had a….?How do we put this?
Oopsie. ??
TLDR
1?? $WSB,?the coin for the Wall Street Bets Subreddit saw a huge pump in price on Wednesday, with over?300% increase in price???
2?? Turns out it was manipulated by an insider, who ended up dumping all that value back?(around $6,50,000 in ETH)?into the open market ??
领英推荐
3?? Surprise Surprise,?the suspect behind the rug pull comes out on Twitter saying that he did it to stop siphoning money to another insider named?“WSBMod”?who apparently is making money off of airdrops ?? ??
4?? Dude said “Lemme help ya’ll get a refund”, gets?bashed?by investors on Twitter ??
Check out the pup and dump of $WSB on OKX ??
It all started on early Wednesday when the price for?$WSB?went up by more than?320% in a single day???
Investors and traders flocked in to see?what the actual F?was happening with the coin ??
The same time that it took to reach that pump, ended up being another?rug pull.?????
Turns out it?was a dude?who goes by the name?zjz.eth?on Twitter who runs mod-bots for the subreddit.
This dude to be precise. ??
With that jawline and that smile, we’d be easily convinced. ??
Zjz pulled out more than?$600k?worth of the token on the open market, sending the coin to dump. ??
Here’s where it gets interesting tho:
Zjz claims that the coin was created in the first place to make the?WSBMod rich ???(another important moderator of the subreddit
But this ?? WSBMod dude was also siphoning money through large airdrops for his own benefit, claims Zjz.
(it’s getting spicy ???)
According to on-chain data tho: WSBMod was allocated?a 20% airdrop?along with a bunch of other early investors and key contributors to the subreddit. ?
So technically… in a way… they’re both right and wrong at the same time.
Damn, now they just pointin fingers at each other to see who’s wrong???
We pointing fingers at both of em ??
So what now?!
The situation is?changing by the moment??
Currently,?zjz?has promised that funds are SAFU.
He’s seeking out devs who can help him write a contract on-chain that can recover funds for investors before the rug pull (What an honest thief we say!)????
Meanwhile,?WSBMod?has said that if funds are not recovered, he’ll be taking legal action and calling up the FBI ??
(like when I took the remote from my little brother and he said he’d call Mom???)
What’s gonna happen, we’ll just have to wait and watch!
The same way we wait and watch?doodh turn into Cheese??? → ??
???Cheese and Charts: Binance's BTC Bonanza
Binance 's Bitcoin reserves have hit a mind-blowing new all-time high of 692,000 BTC! ??
That's enough BTC to buy every doodh-drinker a glass of doodh.???
?? Binance, the world's leading crypto exchange…is stacking up the sats and stashing the BTC, making it a go-to destination for traders + hodlers alike.
?? Just look at the numbers:
????December 2022:?580,000 BTC in reserves ??
????April 2023:?692,000 BTC in reserves ??
That's a 19.3% increase in just 4 months!???
So, what might be fueling this Bitcoin buffet? ???
???Market trends:?As the crypto market continues to heat up ??, more peeps are flocking to Binance for trading and investing action.
???Binance's innovative features:?With a plethora of trading pairs and advanced tools ???, Binance keeps making the platform irresistible for users.
???Reliability:?Binance is known for its robust security measures, making users feel safe and secure in parking their precious BTC. ??
But remember, folks, the crypto space is as unpredictable as the weather in Bangalore. ??
Will Binance continue to break records, or will another exchange steal the BTC crown? ??
???Resourcewala: A Guide to Zero-Knowledge Proofs???
Zero-Knowledge Proofs (ZKPs) are like a secret magic trick that lets you prove you know something without revealing it.
And it's causing a buzz in the world of cryptography! ????
But, how do you explain this fancy concept to different peeps?
You got it! We've crafted a PERFECT guide that breaks down ZKPs for everyone. ??
Today's resource serves up:
Whether you're a curious kiddo or a cryptography connoisseur, this guide has got you covered! ??
LFG! ??????
???Doodhshots: SEC's Countdown??
???Milky Meme Of The Day
?? Don’t be dumb, be crypto smart
Look we dunno how to invest in crypto. ?? ♂?
So what we do is buy everything in one shot, through something called Coin Sets.
Tf are Coin Sets?
Coinsets are thematic baskets of cryptos based on ideas like – Blue chip cryptos, AI and Big Data tokens, Raw Milk Drinking cryptos and more.
Subscribe here: https://www.doodhwala.xyz/subscribe