From $50,000 to $50 million, a Filipino guy's DEX sniping legend



In August 2020, two guys had only $50,000 and didn't know anything. Later, they learned to snipe new coins on Uniswap - starting from scratch within a month, they made $1.35 million by bottom-fishing new coins like YMPL, VIDYA, and CHADS.

The key technology is this simple: monitor the mempool to find liquidity trades → place buy orders in the same block → sell all within 30 minutes. In the early days, no one was defending, making it easy to achieve 3-4 times returns.

The real takeoff starts in September. A coin called CHADS, two people invested 200 ETH, and half an hour later they sold it for a profit of $675,000. In the following week, they targeted 5 new coins and made $2.3 million. At this point, the brother directly said: "Ça part" (French for "Let's get to work"), which made his teammates feel extremely good.

By December, the two began optimizing the smart contracts, using "child contracts" to bypass the single wallet limitation, and deployed over 150 AWS nodes around the world for competition. The server cost of $40,000 to $60,000 per month is nothing at all - because a single deal can earn millions.

March 2021 was the peak. Transitioning from Ethereum to BSC, I targeted 15,000 BNB in one month, earning 3 million dollars just from this KPAD deal alone. The most outrageous part was KPAD—my hands were trembling, selling in 5 minutes for a profit of 2 million.

By June, some players in the market began to defend (a counter-sniping mechanism emerged), and competition became increasingly fierce. The two decided to pull back. In August, a surprise $6 million "Heritage Coin" was mined - a blacklist wallet of a certain project was unlocked and sold out within 15 minutes.

From never having learned Solidity to targeting new coins on over 200 chains, it all relied on speed, technology, and courage. If this story were set in the present? It would have been beaten up by robots long ago. But during the wild growth period of 2020-2021, those who acted quickly were the ones who profited.
ETH-0.8%
BNB-0.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin