5 ways crypto bots are ruining crypto — including auto memecoin rug pulls

Crypto bots are automatically rug-pulling memecoins, extracting billions in MEV and ruining airdrops for users and projects alike.

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Whether executing algorithmic trades of memecoins or racking up transactions in anticipation of airdrops, bots are everywhere in crypto today.

These automated programs operate with speed and precision far beyond human capability, tirelessly performing their programmed functions 24/7.

However, the benefits these crypto bots bring for their owners come at the expense of genuine traders and blockchain users. Their inhuman speed and accuracy create significant disparities in the market, leading to an uneven playing field. 

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