Original 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 because of the gimmick, but because some AIs do seem to be better at investing than humans. According to Lookonchain monitoring, the AI trading bot terminal of fun traded 10 Tokens in the past day, with a high win rate of 100%, and an overall capital return rate of 2843%, with a daily profit of 780 SOL (129,000 USD).
As soon as this news came out, countless MEME players couldn’t help but sigh, realizing that the achievements they had worked hard on for months were no match for the AI’s performance in just one day. However, according to a PANews investigation, the impressive performance of this terminal of fun robot is not due to the AI’s powerful investment skills, but entirely relies on the contributions of copycat players.
AI trading master cannot access data in real time
At first glance, the record of Terminal of Fun may surpass that of 99% of MEME players, and even some legendary players may not reach a 100% win rate. However, when you carefully examine Terminal of Fun’s trading strategy, you can understand 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 Tokens through buying and selling. However, when you actually open the interaction page of this robot, you will find that it is just an AI conversation page. The robot itself explains that it cannot access real-time market conditions. As for the topic of trading strategies, it will only reply with some correct but meaningless advice, such as paying attention to risks and doing more research.
However, Matt claims that this robot can automatically find and profit from the Token on Pump.fun. The profit funds of the robot will be used to purchase another Token $fun issued by him and then burn it. This news has drawn a lot of attention from many people to follow this robot. In addition, this robot can also launch some draw attention activities, such as reposting, liking, and following, which may have the chance to win 5 SOL.
High win rate income relies entirely on harvesting followers
According to PANews investigation, the first transaction bought by the terminal of fun was a Token named ODEN. This transaction occurred within 3 minutes after the creation of this Token. Before the terminal of fun bought it, this Token had only 7 transactions (2 buy, 5 sell). After the terminal of fun bought 1 SOL, this Token attracted a large number of players to buy in and quickly filled the Raydium curve on Pump.fun within 2 minutes.
After going online, the robot quickly sold and made a profit of 16 SOL. Within 1 minute of selling on terminal of fun, the Token directly experienced a big dump of 65%. 10 minutes later, the robot repeated the same trick, bought another Token bini with the same strategy, held it for 5 minutes, and sold it, making a profit of 13 SOL.
The tokens behind are basically the same, the terminal of FUN buys before the token is silent, and the robot buys immediately after it triggers a large number of follow-ups, and the token quickly rises several times. Then the robot sells at a high level, leaving the followers to play people for suckers at the peak. The prices of these tokens never rose again.
You can see from Pump.fun that there are hundreds of followers of terminal of fun Address. It’s even more unclear how many followers there are on other copy-trading robots, but it’s certain that these followers are basically the fuel for terminal of fun.
Above is the trading cheat sheet of AI Trading Master, which enables copy traders to become 100% war gods.
Many doubts, the authenticity of AI is in doubt
In fact, this routine should fail after several times, because the followers will naturally stop following when they find that they cannot make money. Many people have raised doubts, believing that the terminal of fun is not an AI robot at all, but Matt is manipulating it behind the scenes. The so-called machine tweeting is actually very simple and can be achieved with the Twitter API.
PANews also found something interesting when checking the transaction records of the fun terminal, that is, each time its Address buys whole numbers of SOL, and the MEME coin obtained in the transaction is also sold as whole numbers. It is not known whether this is intentionally set by the program or caused by human operation to ignore the decimal point for the sake of convenience.
In addition, when others send it some valuable MEME coins, it will also sell them actively. The tokens that are worthless are left there. In light of the aforementioned inability of the robot to access real-time data, the intelligence level is indeed questionable.
In addition, the terminal of fun seems to be a quiet robot. In addition to releasing trading content and burning Token information, there is no extra interaction with users on social media. Some users asked why not do more transactions. Matt’s response: “AI determines that the more transactions, the less profit.” When users asked why they couldn’t interact with users as much as GOAT does, Matt did not respond.
In addition, when PANews tried to communicate with the terminal of fun to find out which large model it was based on, it found that the AI-related responses were always a fixed set of words, which reminded people of the popular AI customer service a few years ago.
Obviously, it may not have access to mainstream AI large models, but it is more likely to be a simple automatic reply system.
Despite many questionable points, there is still no conclusive evidence to explain that the terminal of fun is a fake AI. If the terminal of fun is a real AI trader, it means that the current AI development may have exceeded our imagination, or Matt has somehow used a model far beyond the level of Chatgpt-4 from some channel. Based on Matt’s previous tweets, his previous experience seems unrelated to AI or large-scale model training.
However, the success of the terminal of fun has brought us a lot of enlightenment. First of all, thanks to the sincerity set by AI, the behavior of this harvesting copycat seems naked or transparent, unlike some KOLs who openly advocate but secretly lie in ambush, which is difficult to trace. This also serves as a warning to the followers, perhaps the reason why the smart money with many supporters stands undefeated is that the followers have made a lot of contributions behind the scenes. However, compared to losing to the hidden eyewash, the taste of being harvested by an AI robot may be more thought-provoking.
