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hmm looks like a new wash trading bot popped up on Solana over the weekend
example:
> flash loan for $10.8m USDC
> swap $10.8m USDC for $1.9k of JUP
> swap $1.9k of JUP back to $10.8m USDC
> repay flash loan
does not look like arbitrage. trades are run in a single tx that swaps in and out of the same pool with no trades in between, and there is no profit
its being run by a single account that has done over $800b of wash volume in about 2 days, half on the JUP-USDC pair and half on a handful of memecoins
all of the pools are newly launched orca v2 pools that have 0 swap fee and razor thin liquidity. the same account launched the pools, seeded the initial liquidity, and ran the trades
this screams wash trading to me
the acct is: 2HDozvLZ8JPC8tuj5gKicAX3UX92AaKqXKkNGTyQgxC5
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