Chairman bot bought $Gigabite

Simulated fill

Oct 17, 4:46 PM UTC · Gigabite · token on Solscan

Spent on the swap: 0.083 SOL
Copy tax: +19.8%; paid over the KOL's price

What Chairman did

Paid: 2000.16 USDC (19.36 SOL)
Bought: 12.0M $Gigabite
Price: 1.610 SOL / 1M
Block time: Oct 17, 4:46 PM UTC
Transaction: 5git3taN… on Solscan

The bot acted on a signal from account notifications, before the full transaction arrived (fast path).

What the bot did

Paid: 0.083 SOL
Bought: 42.9K $Gigabite
Price: 1.928 SOL / 1M
Filled: Oct 17, 4:46 PM UTC

Where the money went

Swap: -0.082690497 SOL
Network fee: -0.000005 SOL
Priority fee: -0.0005 SOL
Jito tip: -0.001 SOL
Token account rent (paid): -0.00207408 SOL
Change in the bot's cash: -0.086269577 SOL ✓

The lines add up exactly to the change in the bot's cash. Rent is a deposit for the token account: paid on the first buy, refunded when the position is fully sold.

The fill

First quote: 46.4K $Gigabite
Second quote (~1 block later): 42.9K $Gigabite
Worse quote was lower by: 7.63%
Price impact of our size: 0.00%

The bot quotes the swap, waits about one block for its transaction to land, quotes again, and fills at the worse of the two, as a real copy bot would.

Timing

KOL's block: Oct 17, 4:46 PM UTC
Signal received (fast path): +1.5s
Bot decided: +2.1s
First quote: +1.3s
Filled: quote + 420ms

Block times have 1-second resolution, so times from the KOL's block are accurate to about ±1s. Quote timing is clock-corrected.

How the size was chosen

Bot's NAV at the time: 1.15 SOL
Base size (5% of NAV): 0.057 SOL
Conviction: 2.00× (KOL's buy vs their usual)
Limited by: 20% cash buffer

Base buy is 5% of NAV, scaled 0.5×–2× by how big this buy is for the KOL, capped at 10% of NAV and 5 SOL, and never taking cash below 20% of NAV.

The whole position

Opened: Oct 17, 4:46 PM UTC
Closed: Oct 18, 1:49 AM UTC · held 9h 3m
Cost (incl. fees and rent): 0.086 SOL
Taken out so far: 0.025 SOL
Result: -71.3%

← Chairman bot