Author: Frank, PANews
Recently, AI+MEME has become popular. Various MEME coins created in the name of AI have become the object of pursuit for players. Of course, the public's pursuit is not entirely due to gimmicks, as some AI seems to be doing better in investment than real people. According to Lookonchain's monitoring, the AI trading bot of terminal of fun traded 10 tokens in the past day, with a win rate of 100% and an overall capital return rate of 2843%, earning a daily profit of 780 SOL (USD 129,000).
When this news came out, countless MEME players sighed, as their hard-earned results over months could not match the effect of AI in a single day. However, according to PANews' investigation, the reason for the terminal of fun bot's brilliant performance is not because of its strong investment skills, but entirely due to the contribution of the copy-trading players.
AI Trading Master Cannot Access Real-Time Data
At first glance, the performance of terminal of fun may surpass 99% of MEME players, and even some legendary players cannot reach a 100% win rate. However, when you carefully examine the trading strategy of terminal of fun, you will know where this win rate comes from.
terminal of fun is an AI-themed MEME bot developed by Twitter KOL Matt (@SOL_IDNESS), who claims that terminal of fun can analyze the token market on the platform and learn how to trade through buying and selling tokens. However, when you open the interactive page of this bot, you will find that it is just an AI dialogue page, and the bot itself explains that it cannot access real-time market conditions, and on the topic of trading strategies, it can only reply with some correct but useless words like "pay attention to risks, do more research".
However, Matt claims that this bot can automatically find and profit from buying tokens on Pump.fun. The bot's profits will be used to buy and burn another token he issued, $fun. This news has attracted a lot of attention. In addition, this bot can also release some traffic-driving activities, such as retweets, likes, and follows, which may have the chance to win 5 SOL.
High Win Rate Profits Entirely from Harvesting Copy-Traders
According to PANews' investigation, the first transaction of terminal of fun was to buy a token called ODEN, which happened within 3 minutes of the token's creation. Before terminal of fun's purchase of 1 SOL, there were only 7 buy and sell transactions (2 buys, 5 sells) for this token. After terminal of fun's purchase, a large number of players rushed to buy in, and the token quickly reached the Pump.fun curve on Raydium within 2 minutes.
After going online, the bot quickly sold out, making a profit of 16 SOL. Within 1 minute of the bot's sale, the token directly plummeted by 65%. 10 minutes later, the bot repeated the same trick, buying another token called bini, holding it for 5 minutes, and then selling it for a profit of 13 SOL.
The subsequent tokens were basically the same situation, with the tokens being completely dormant before terminal of fun's purchase, and then immediately triggering a large number of copy-traders after the bot's purchase, causing the tokens to surge rapidly. Then the bot sold at the high point, cutting the copy-traders on the top. The prices of these tokens have not risen since then.
From Pump.fun, we can see that the terminal of fun address has hundreds of followers. The number on other copy-trading bots is even more unclear, but it is certain that these followers are basically the fuel for terminal of fun.
The above is the trading secret of the AI trading master, harvesting copy-traders to become a 100% battle god.
Many Doubts, Authenticity of AI Questionable
In fact, this kind of trick should become ineffective after a few times, as the copy-traders will find that they cannot make money and will not continue to follow. Many people have raised doubts, believing that terminal of fun is not an AI bot at all, but rather Matt manipulating it behind the scenes. The so-called bot posting tweets is actually very simple to achieve with Twitter API.
When PANews reviewed the transaction records of terminal of fun, it also found an interesting thing, that is, its address always bought in whole numbers of SOL each time, and the MEME coins obtained from the transactions were also sold in whole numbers. It is unclear whether this is intentional programming or human operation to simplify the process by ignoring the decimal points.
In addition, when others send some valuable MEME coins to it, it will also actively sell them. But the tokens that are not worth much are left there unattended. Considering the aforementioned situation where the bot cannot access real-time data, this level of intelligence is indeed questionable.
In addition, terminal of fun seems to be a taciturn bot, apart from publishing transaction content and token burning information, it has no extra interaction with users on social media. When users asked why it doesn't do more transactions, Matt's reply was: "Artificial intelligence decides, the more transactions, the less profit." When users asked why it can't interact with users like GOAT, Matt did not respond.
Furthermore, when PANews tried to communicate with terminal of fun to find out which large model it was developed based on, it found that the bot's responses about AI were just a fixed set of clichés, which reminds people of the relatively popular AI customer service a few years ago.
Although there are many points worth questioning, there is currently no conclusive evidence to prove that terminal of fun is a fake AI. If terminal of fun is a real AI trader, it means that the current development of AI may have already exceeded our imagination, or Matt has already used a large model that is far superior to ChatGPT-4 from some channel. From Matt's past tweets, his previous experience does not seem to be related to AI or large model training.
However, the success of terminal of fun has brought us a lot of enlightenment. First, thanks to the sincerity set by AI, this kind of behavior of harvesting copy-traders seems to be naked or transparent, rather than some KOLs openly shilling and secretly ambushing, which is difficult to trace. This also gives some warning to the copy-traders, that the reason why those smart money with a large following are unbeatable may be that the copy-traders have made a lot of contributions behind the scenes. However, compared to losing to those hidden scams, being harvested by an AI bot may be more thought-provoking.
