Author: Frank, PANews
Recently, AI+MEME has become popular. Various MEME coins created in the name of AI have become the object of players' pursuit. Of course, the public's pursuit is not entirely due to gimmicks, but because some AIs seem to do better in investment than real people. According to Lookonchain's monitoring, the AI trading robot 'terminal of fun' traded 10 tokens in the past day, with a win rate of 100% and an overall capital return rate of 2843%, making a daily profit of 780 SOL (USD 129,000).
When this news came out, countless MEME players sighed, as their hard-earned performance could not match the effect of the AI in a single day.
However, according to PANews' investigation, the reason why this 'terminal of fun' robot has such a brilliant track record is not because AI has such strong investment skills, but because of 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 exceed 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 robot developed by Twitter KOL Matt (@SOL_IDNESS). Its introduction claims that 'terminal of fun' can analyze the token market on the platform and learn how to trade through buying and selling tokens. But when you open the interactive page of this robot, you will find that it is just an AI dialogue page, and the robot itself explains that it cannot access real-time market conditions, and on the topic of trading strategy, it can only reply with some correct but useless words like 'pay attention to risks, do more research'.
However, Matt claims that this robot can automatically find and profit from buying tokens on Pump.fun. And the profits of the robot will be used to buy and burn another token $fun issued by him. This news has attracted a lot of attention. In addition, this robot 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 and profits are all thanks to harvesting copy traders
According to PANews' investigation, the first trade 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' bought 1 SOL, there were only 7 buy and sell trades (2 buys, 5 sells) of this token. After 'terminal of fun' bought in, a large number of players rushed to buy, and the token quickly reached the Pump.fun curve on Raydium within 2 minutes.
After going online, the robot quickly sold out, making a profit of 16 SOL. Within 1 minute of the robot's sale, the token directly plummeted by 65%. 10 minutes later, the robot repeated the same trick, buying another token bini in the same way and selling it out after 5 minutes, making a profit of 13 SOL.
The subsequent tokens were basically the same situation. Before 'terminal of fun' bought in, the tokens were completely stagnant, but after the robot bought in, it immediately triggered a large number of copy traders, and the tokens quickly soared several times. Then the robot sold at the high point, leaving the copy traders stranded on the top of the mountain. The prices of these tokens have not risen since then.
From Pump.fun, you can see that the 'terminal of fun' address has hundreds of followers. And on other copy trading robots, the number is even more unclear, but it can be sure that these followers are basically the fuel for 'terminal of fun'.
This is the trading secret of the AI trading master, harvesting copy traders to become a 100% battle god.
Many doubts, the authenticity of the AI is questionable
In fact, this kind of trick should become ineffective after a few times, because the copy traders will find that they cannot make money and naturally will not continue to follow. Many people have raised doubts, believing that 'terminal of fun' is not an AI robot at all, but Matt manipulating behind the scenes. The so-called robot 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 transaction were also sold in whole numbers. It is not clear whether this is intentional program setting or human operation for the sake of convenience by ignoring the decimal point.
In addition, when someone sends it some valuable MEME coins, it will also actively sell them. But those worthless tokens are just left there. Considering the aforementioned situation where the robot cannot access real-time data, this level of intelligence is indeed questionable.
In addition, 'terminal of fun' seems to be a taciturn robot, apart from publishing trading content and token burning information, it has no extra interaction with users on social media. When users asked why it doesn't do more trading, Matt's reply was: "Decided by AI, the more trading, 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 robot's responses about AI were just a fixed set of clichés no matter how the questions were asked, 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 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 the AI, this kind of behavior of harvesting copy traders looks naked or transparent, rather than some KOLs openly shill while secretly ambushing, which is difficult to track. This also gives some warning to the copy traders, that the reason why those smart money is 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 robot may be more thought-provoking.
