Bots are front-running bots front-running Base meme coins
Bots are front-running other bots in the hopes of front-running meme coin traders. Welcome to the degenerate world of Ethereum layer 2 tokens. Posting to X (formerly Twitter), meme coin trader GK screenshotted four examples of traders building bots to front-run other meme coin traders’ bots. Specifically, a bot is executing an identical sequence of layer 2 blockchain actions across various meme coins on Base, the Coinbase-operated layer 2 atop Ethereum’s layer 1 blockchain. (A layer 2 is a more centralized version of a regular, layer 1 blockchain.) Hahahaha there's a guy on Base launching the most low-effort shitters, adding .8e of liq, then rugging for ~1e around 10min later over, and over, and over again. At first I was pissed but then I realized he's stealing money from launch bots, and it's quite funny pic.twitter.com/hBoPiKjsea — GK (@Grypto_GK) March 21, 2024 Front-running meme coins This clever actor deposits a small amount of capital into a liquidity ...