Solana Bot Earns $1.7M in One Memecoin Transaction; Chainlink and Borroe Finance Expected to Experience Strong Rally

28 January 2024

in Solano

Reading Time: 4 mins read

After a trader bought the Dogwifhat (WIF) memecoin, a Solana-powered maximum extractable value (MEV) bot reportedly made a whopping $1.7 million.

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Meanwhile, Borroe Finance ($ROE) and Chainlink (LINK) are continuously making significant strides in the crypto space thanks to the innovations presented.

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Borroe Finance’s Crowdfunding Prowess in Web3

By integrating cutting-edge technologies like non-fungible tokens (NFTs), artificial intelligence (AI), and blockchain with financial solutions, Borroe Finance is elevating odds in the Web3 crowdfunding scene.

Therefore, Borroe Finance is showcasing itself as one of the significant liquidity pools in the Web3 space that enables players in this sector to raise instant funds by collateralizing their future earnings, which are minted as NFTs.

These NFTs are discounted and can later be resold on secondary marketplaces, making Borroe Finance one of the top crypto coins.

As a result, Borroe Finance is emerging as a good crypto to buy on the foundation of its long-term quest of onboarding more Web3 players by eradicating the short-term liquidity challenge.

Investors are keeping a keen eye on the Borroe Finance ecosystem since its bridging the gap between traditional and decentralized finance, enabling it to be one of the viral token launches.

Borroe Finance’s governance token called $ROE is emerging as a hot topic in the crypto news scene because it’s the gateway to this network.

For instance, more than 225 million $ROE tokens have been bought at presale, illustrating that its attracting significant investor interest. Furthermore, at least $2.68 million has been raised at presale.

The long-term $ROE picture is bullish because the coin deploys token burn strategies, making it deflationary since its value is speculated to continue increasing on the foundation of slashed supply and surging demand.

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The Advent of MEV Bots Amid Chainlink Making Strategic Moves

The $1.7 million profit on the WIF network was achieved by a Solana-based MEV bot, as revealed by Solscan data.

MEV bots have been gaining steam in the crypto market because they are automated programs that highlight profitable trades by scanning blockchain networks.

Meanwhile, Chainlink continues to be one of the altcoins to watch based on some of the notable developments happening in the LINK ecosystem.

For instance, Chainlink automation recently got integrated into Coinbase’s Layer-2 blockchain called Base.

Per the announcement, “Combining Chainlink’s off chain computation capabilities with Base’s highly scalable layer-2 network enables developers to create next-generation Web3 experiences that support the adoption of the verifiable web.”

Therefore, Chainlink is continuously stamping its authority in the crypto market.