Automated Trading With ChatGPT Yields Profits In Memecoin Market

According to BlockBeats, a trader has successfully leveraged ChatGPT and the PumpFun platform to automate precise trading in the memecoin market, earning $2,300 in just one minute. This method requires only 0.2 SOL to start and no programming skills, making it accessible to a wide range of investors. PumpFun, a popular platform on Solana, has become a hotspot for creating new tokens, contributing to the memecoin craze. Despite its popularity, finding high-quality tokens that can increase 100-fold remains challenging, with only 1.42% of issued tokens getting listed on Raydium, and most eventually dropping to zero. To navigate this market, the trader developed a sniper bot using ChatGPT. The process involves several steps: creating the bot, automating rug pull checks using @Rugcheckxyz's API, automating social media checks with @getmoni_io's API, setting specific conditions for token purchases, deciding which tokens the bot will buy, modifying the buy/sell process, and finally, launching the bot. The trader emphasizes the importance of continuous experimentation and adjustment to find the most effective strategy. This approach allows for a more selective and automated method of trading, reducing the risk of falling for scams and increasing the chances of finding profitable tokens.