Suspected Arbitrage Bot Gains $696,000 After ANB Swap Triggers 99% Price Impact

A social media post says a suspected bot exploited a sharp ANB price dislocation on Meteora after a large swap, turning 2.32 SOL or $0.22 USDC into about $696,000 as ANB fell 99%.

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Summary

A social media post claims a suspected MEV or arbitrage bot made about $696,000 after a large ANB token swap triggered a reported 99% price impact in the ANB pool on Meteora, a Solana-based decentralized exchange protocol. One version says the bot turned $0.22 USDC into $696,000 in a single transaction, while another says the trade cost 2.32 SOL. Both accounts say ANB fell 99% afterward. Based on the provided sources, the event appears to describe a severe liquidity-driven price dislocation or pool price manipulation that allowed an automated trader to capture the resulting mismatch, though no on-chain verification, transaction hash, wallet address, timestamp, or statement from Meteora is included.

Terms & Concepts
  • MEV bot: An automated trading bot that seeks maximum extractable value by exploiting transaction ordering, pricing gaps, or liquidity conditions on a blockchain.
  • Arbitrage bot: An automated trading program that seeks to profit from price differences for the same asset across trading pools, exchanges, or markets.
  • Price impact: The degree to which a trade moves an asset’s market price. A very high price impact often signals low liquidity or an unusually large order.