Does anyone know what type of operation this wallet below is doing? And how is she racking up so many WSOL?
wallet: https://solscan.io/account/DCAKxnquJnRYHDqp3qzyBS4qztddcbEQsGv68z6boUwr#splTransfers
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It is the address of the Jupiter DCA Bot.– 0xShukCommented Jan 3 at 19:41
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Like this? Not a person? What does this DCA bot do? Can you explain better please?– Eric viniciusCommented Jan 3 at 19:41
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Using DCA bot, you can purchase a token using a premeditated strategy over a number of days rather than a single order (as you do in a market or limit order). See: jup.ag/dca to learn more.– 0xShukCommented Jan 3 at 19:46
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But it doesn't seem like this guy is running a DCA at all. Have you seen the pattern of his transactions? Some transactions he exchanges SOL for a token, and in the next second the token for SOL again, and leaves with a profit.. This doesn't seem like DCA to me– Eric viniciusCommented Jan 3 at 19:56
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This isn't a question for dev Q&A, I will be closing this question– Jacob Creech ♦Commented Jan 4 at 4:58
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1 Answer
i saw many people giving you wrong answers.
What's happening in reality is that this guy is frontrunning people. It's an MEV BOT
Example below :
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Do you think he is a validator? Or did he just learn to do something in a way we don't yet know? Commented Jan 3 at 21:26