Solana Bots Exploit ANB Price Discrepancy for $1.32 Million Profit

A group of automated trading bots on the Solana blockchain took advantage of a price discrepancy in the Ant Blockchain (ANB) token, generating over $1.32 million in profit.

The arbitrage opportunity arose from a large sell order that created a significant price impact, allowing bots to buy ANB at a low price and resell it at a higher price. The largest single trade converted around 0.227 USDC into approximately $696,000, with only 2.32 SOL in priority fees.

The trades were executed quickly before the price gap closed, with multiple wallets repeating the play. According to Solana analysts, the market capitalization of ANB fell by 99% during the event and has continued to decline since then.