On May 1, 2026, the Solana network’s DeFi (decentralized finance) community showed just how rapidly automated trading systems can take advantage of brief errors in the market.
In a surprising turn of events, a single transaction transformed just 23 cents worth of USDC into around $696,000 in seconds. This sudden gain happened because the price of ANB, a relatively small cryptocurrency, dramatically crashed. Just hours before, ANB was valued at about $67 million.
The price drop started when a large token holder—often called a ‘whale’—sold a significant amount of ANB tokens. They offloaded 4 billion tokens, worth approximately $80,000 at the time, into the liquidity pools on Meteora.
Meteora, a leading automated market maker on Solana, uses two different kinds of pools: DAMM v2 and DLMM. Recently, significant selling caused a noticeable difference in how these two pool types performed.
One trading pool quickly processed the new information and significantly lowered the price of ANB. The other pool was slower to react, creating a large and obvious price difference that automated trading programs quickly exploited.
A particularly noteworthy trade, visible on Solscan with transaction ID 5wY3V7…CMyujxkFK, was executed with remarkable accuracy.
The activity started with the bot trading a small amount of USDC for about 72,793 ANX tokens using a Meteora DAMM v2 pool. It then quickly used those ANX to buy over 50 million ANB tokens at a low price following a recent price drop.
A potential automated trading bot (arb bot) reportedly made nearly $700,000 using only about $2.32 worth of Solana ($SOL). This profit came after a large trade of the $ANB token caused its price to drop dramatically – by 99% – creating a significant arbitrage opportunity. The price of $ANB has since fallen 99%.
— SolanaFloor (@SolanaFloor) May 2, 2026
The large amount of ANB tokens was then processed through Jupiter Aggregator version 6 and sold using DLMM pools, resulting in 885,290 USDC before transaction fees. This whole process happened very quickly, taking less than a second and using minimal computing power.
Other bots quickly noticed the same price difference and joined in, managing to withdraw several million dollars before the system corrected itself.
After the initial chaos subsided, ANB’s market value had fallen below $100,000. This meant regular investors lost money, while those who could react quickly with their computer code and monitoring systems profited.
ANB was the cryptocurrency used on Ant.FUN, a platform for trading meme coins built on Solana. As of today, the token is trading at $0.00002031, after a dramatic drop of 99.8% that occurred around 12:30 AM IST.
This situation highlights a common problem in the DeFi world: everyday users are often at a disadvantage when competing with professional traders who actively search for profitable opportunities within each block of transactions.
The event also shows how easily smaller cryptocurrencies can become unstable. A large sale can quickly cause prices to swing wildly, which experienced traders take advantage of. This leaves those who provide trading liquidity at risk of losses, and regular investors often end up with the financial burden.
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2026-05-02 15:48