What Is a Solana Telegram Trading Bot?

A Solana Telegram trading bot is a software program built within the Telegram messaging app that automates cryptocurrency trading on the Solana blockchain. These bots allow users to conduct swaps faster than connecting manually to a DEX. Based on social media following, some of the most popular Telegram trading bots on Solana are BONKbot, Trojan On Solana, Shuriken, and Sonic Sniper BOT.

Key Takeaways

• Solana memecoin-rush and airdrop-frenzy fueled a demand for Solana Telegram trading bots.

• BONKbot has 300,000 users and uses Jupiter DEX, boasting over $5 billion in trading volume.

• Trojan on Solana (previously Unibot on Solana) bot achieved $2 billion trading volume, with over 140,000 users.

• Shuriken supports multiple blockchains, with a trade volume of $360 million and over 25,000 users.

• Sonic Sniper BOT offers real-time token data, and uses SONIC token for incentives.

The Solana Ecosystem and Rise of Telegram Trading Bots

Recently, a wave of airdrops and the meteoric rise of meme coins have created a frenzy within the Solana ecosystem. Solana meme coins, like WIF and BOME, provided investors incredibly high returns and made people millions overnight.

Telegram crypto trading bots allow users to execute trades at a faster speed than connecting manually to a DEX, allowing them to snipe newly launched tokens and take advantage of market movements – which can be a big advantage in meme coins trading.

Consequently, there’s been an explosive demand for Solana Telegram trading bots given their low latency and impeccable usability. This demand is clearly reflected in Google Trends data, which reveals a sharp spike in searches for the term “Solana Telegram” since late 2023. Telegram’s intuitive interface and community-driven nature provide the perfect environment for these bots to thrive.

In this article, we will explore five popular Solana trading bots for Telegram users. They are listed based on their total trading volume. The analysis and review of these bots is not a recommendation in any way — please do your own research before investing in or interacting with any financial tools.

BONKbot

BONKbot is a cryptocurrency trading bot designed specifically for the Solana blockchain. It operates directly within the Telegram messaging app, where the core appeal of BONKbot is its speed and ease of use.

BONKbot leverages Jupiter, a Solana-based decentralized exchange (DEX) aggregator, as well as custom routing logic, which allows BONKbot to find the best available prices for tokens across various DEXs on the Solana network.

As of 20 April 2024, BONKbot’s lifetime traded volume has exceeded $5 billion and the trading bot has onboarded over 300,000 users.

In early April, rumors surfaced around BONKbot users having their wallets drained. The BONKbot team proved the hack allegations to be false, and analysis showed that all victims had previously exported their private keys into the exploited Telegram bot Solareum, which resulted in their wallets being drained. Despite the hack being unrelated to BONKbot, the core team worked with the wider security community to freeze almost $1m of stolen funds, in what was the largest number of wallets frozen by Tether in relation to a single hack.

UPDATE ON SOLAREUM EXPLOIT

Solareum was exploited, NOT BONKbot – but we hunted and froze them anyway.

TLDR: $975k stolen from Solareum users has been FROZEN.

With 24 wallets iced, this is the BIGGEST wallet freeze in @Tether_to‘s history.

BONKbot remains SAFE, as always.

🧵

— BONKbot (@bonkbot_io) April 5, 2024

BONKbot and BONK

BONKbot is closely connected to the BONK memecoin on Solana. It has a built-in “buy and burn” mechanism that benefits BONK.

A portion of the trading fees generated through BONKbot are used to buy BONK tokens on the market. A percentage of those purchased BONK tokens are then permanently removed from circulation (“burned“). This helps create a deflationary effect for the BONK token.

Key Features

BONKbot’s interface is focused on simplicity, with a well-organized set of buttons and menus. The “Buy” function lets a user quickly purchase a specified amount of a chosen token. They can paste a token’s contract address or navigate through external sites like BirdEye to help them choose a token. The bot allows for the customization of purchase amounts, making it suitable for various trading styles.

Selling tokens is equally simple. The “Sell and Manage” menu allows users to specify a percentage of a current position they wish to liquidate. BONKbot presents summaries for each transaction, and a “Positions” view shows open trades along with profit and loss tracking.

BONKbot offers best-in-class transaction execution and powerful MEV protection customizability. Significant proprietary optimizations under the hood help BONKbot users land transactions with the highest certainty possible, particularly when Solana is congested. BONKbot’s “MEV Turbo” mode maximizes transaction speed while still providing frontrunning protection wherever possible, whereas “MEV Secure” mode provides guaranteed MEV protection for users who prioritize security against MEV extraction over speed at all costs. 

One of BONKbot’s user-loved features is the “Token Alerts” channel. Here, users can stay one step ahead of the market with easy tracking of new pools being launched, LP burns, fresh wallets buying tokens and other high-signal criteria. Alerts have a one-click “Buy” deeplink to allow users to trade these tokens instantly on BONKbot.

Getting Started With BONKbot

Access the BONKbot through the link provided by the official BONKbot X account. We would recommend against manually entering/looking for the bot username in Telegram’s search bar due to the presence of many copy-cat accounts that may steal your funds. Going through official channels ensure you are clicking the right link.

Once you open the bot, deposit Solana into your built-in BONKbot wallet using the provided wallet address.

1. Buy

   • Locate the token’s contract address on platforms like GeckoTerminal or CoinGecko.

   • Within Bonkbot, navigate to the “Buy” function and paste the contract address.

   • Enter the amount of SOL you wish to spend and initiate the purchase.

2. Sell

   • Use the “Sell and Manage” option.

   • You can choose to sell a percentage of your holdings (e.g., 25%, 50%, etc.) or a specific SOL amount.

Referral System

BONKbot gives you a unique referral link to share with friends and potential users. When someone signs up through your link and trades with BONKbot, you earn a percentage of their trading fees as a reward.

BONKbot’s reward system is tiered:

• Month 1: You earn 30% of your referrals’ trading fees.

• Month 2: You earn 20% of your referrals’ trading fees.

• Ongoing: You continue to earn 10% of your referrals’ trading fees indefinitely.

Trojan On Solana

Trojan On Solana is a cryptocurrency trading bot on Telegram specifically designed for the Solana blockchain. It has gained significant traction within the Solana community due to its user-friendly interface, powerful features, and impressive track record.

Within a mere 24 hours of launch, the bot accrued over $36 million in daily trading volume and more than 3,000 users. At time of writing, the bot has a lifetime trading volume of $2 billion, and over 140,000 users. 

Trojan boasts a thriving user base with over 20,000 daily active users. This rapid growth signifies the widespread adoption of the platform within the Solana community.

Trojan originated as a rebranding of Unibot on Solana, a popular Solana crypto trading bot that is a spinoff from Unibot. You can learn about Unibot here.

Key Features

Trojan offers traders sophisticated-yet-easy-to-use tools.

Copy trading lets you mimic successful trading strategies, ideal for both beginners learning the ropes and experienced traders seeking automation. Limit orders offer precision by triggering trades at specific price points, while DCA (Dollar-Cost Averaging) manages risk by spreading orders over time.

The platform’s soon-to-be-launched LP Sniper aids in sniping assets in newly created liquidity pools for potential gains.

Trojan extends its reach with a cross-chain bridge, facilitating seamless asset transfers between Ethereum and Solana blockchains. This flexibility unlocks broader trading opportunities.

Getting Started With Trojan

The first step to use Trojan is to set it up on your Telegram account.

We strongly advise against searching for it manually as there are many spam bots and accounts with similar names. Instead visit the official Trojan On Solana X account and click on the Telegram bot link provided in the description.

Here’s a simplified version of a buying and selling guide:

1. Buy

   • Paste the desired coin’s contract address.

   • Set your purchase amount and slippage tolerance.

   • Confirm your buy order.

2. Sell

   • Select the coin you wish to sell.

   • Specify the percentage you want to sell.

   • Adjust slippage, if desired.

   • Confirm your sell order.

There is also an “Auto Sell” feature. This allows you to set a target price, and the bot will automatically sell your holdings when that price is reached – ideal when monitoring pumps while occupied.

Trojan On Solana Fees

Trojan On Solana employs a straightforward fee structure. The base trading fee is 1% for every buy or sell transaction. However, if you sign up through a referral link, you’ll benefit from a slight discount, lowering the trading fee to 0.9%. Additional costs include gas fees, which are essential for powering transactions on the Solana network.

On a Solana blockchain explorer like Solscan, you will notice a “Compute-Budget-Set-Compute-Unit-Limit” charge of around 0.009 SOL on your wallet transactions. This is related to the compute units required for your Trojan trade. It’s essentially a technical detail showing that Trojan set a “budget” (limit) on the number of compute units it can use to execute your trade. Think of it as Trojan telling the Solana network, “I’m willing to use up to X compute units to complete this trade.”

Trojan offers flexibility in this area, with “Fast” mode (0.0015 SOL) as the default, “Turbo” mode (0.0075 SOL) for even faster speeds, and the option to set a custom gas fee for tailored control.

Referral System

Trojan incentivizes community growth with its referral system. Users earn passive income by sharing referral links, providing an additional appeal to the platform.

When you use Trojan On Solana, you get a unique referral link to share with others.

Anyone who joins Trojan through your referral link becomes your referral and they get a 10% rebate on their trading fee. You earn a percentage of the trading fees your referrals generate. This typically ranges around 25%.

As your referral network grows, so does your potential for passive income from those trading fees. Over 30,800 SOL of revenue has already been shared among users.

Shuriken

Unlike other bots mentioned in this article which have one Telegram bot for Solana and another one for EVM chains, Shuriken is a multi-chain trading bot on Telegram. Users can paste a Solana address in the bot, and the environment will dynamically change to support the Solana chain “buy”, and users can continue with the flow without needing to switch bots when they paste a Base (or other EVM) address. It supports Ethereum, Base, Avalanche, and Blast networks in addition to the Solana blockchain.

In its lifetime, the bot has executed trades amounting to a volume of over $360 million with more than 25,000 users onboard (for all supported chains).

Key Features

Shuriken introduces an innovative approach to airdrop farming. This feature centers around the accumulation of points, known as “stars,” which are anticipated to later convert into Blade tokens.

The bot caters to a wide range of traders, from beginners to seasoned veterans, through its comprehensive suite of trading features. These functionalities include regular trading, which allows users to build streaks, and volume trading, offering more stars as rewards.

Shuriken also offers an Auto Group Sniper feature, where all users’ bribes are aggregated into one transaction. All users have to do is input the contract address, choose how much they want to buy, and set their gas or bribe amount. It also has an auto max limit adjustment, where Shuriken only spends the amount needed to reach the maximum amount allowed per transaction.

Other features of Shuriken are swaps and advanced orders like limit buy orders and take profit and stop loss levels. 

Getting Started with Shuriken

To get started with Shuriken, you could easily look up the bot on Telegram and add it. However, it is safer to take the longer route of going to the bot’s official X account and navigating to the Telegram bot from there.

Once you have set up the wallet, which would take less than 60 seconds in most cases, you’ll need to deposit crypto into it. SOL will be used to pay for transactions and execute trades on the Solana blockchain.

Alternatively, you can import an existing wallet directly into the bot by clicking the “Import Wallet” button and pasting the private key.

1. Buy

   • Use the bot’s search function or browse available cryptocurrencies. To get the token’s contract address, you can use CoinGecko.

   • Paste the contract address of the token you want to buy into the Shuriken chat. The bot will display token details.

   • Enter the amount of SOL you want to spend on the purchase. You can use preset values or enter a custom amount.

   • Confirm the purchase details and execute the ‘buy’ command.

2. Sell

   • Follow the same steps as buying to locate the token you want to sell.

   • Enter the amount of the token you’d like to sell.

   • Review the details and execute the ‘sell’ command.

Useful Commands

• /wallets: View your connected wallets

• /settings: Access and change bot settings

Users can look to https://docs.shuriken.trade/ for any support they need around trades. 

Native Token

The team behind the bot is launching BLADE, Shuriken’s native cryptocurrency. While there is not ample information around the token and its distribution mechanism, the team has hinted on an airdrop.

Users earn ‘Stars’ by trading, referring, and promoting the bot. These could essentially act as a points system for the BLADE token airdrop.

Referral System

You’ll receive a unique referral link that you can share with others. When someone signs up for Shuriken using your link, they are automatically linked to your account.

When anyone signs up using your referral link, they will get a 10% discount on their trading fee, i.e., the fee reduces from 1% to 0.9%, and you’ll receive 10% of all the fee paid by them.

Users can also share any SOL, ETH, Base, or Blast tokens with friends and alpha groups by clicking the Share Token button. Clicking this button generates a shareable link that you can share, and if someone buys the token using your link, you will receive referral credit for that buy. Also, if someone signs up as a new user with your token buy link, they will be added under your referrals permanently. 

Sonic Sniper BOT

Sonic Sniper BOT is a Telegram bot designed for trading on the Solana blockchain.

The bot was initially launched on Discord. Following its success, the team began working on a Telegram bot.

The bot’s native token SONIC will be the lifeblood of the ecosystem and incentivization structure.

Key Features

Sonic Sniper BOT’s token tracking feature is crucial for traders aiming to stay ahead of the market trends. By providing real-time data on newly created tokens, the bot equips traders with timely information.

Automated functionalities within the bot minimize the time traders spend on manual tasks. This frees up valuable time for strategic analysis and informed decision-making.

SONIC Tokenomics

The bot’s native token, named Sonic Sniper (SONIC), has a supply of 10 billion. The distribution strategy is split based on the above chart, with 20% allocated to liquidity, 10% each to the team and development, CEX, and marketing, with the majority 55% earmarked for sale.

Referral System

Users receive a generous 25% commission from the fees incurred by referred individuals’ transactions, directly credited to their wallets. This incentivization promotes the bot’s usage and fosters a community of engaged users.

Its native token, SONIC, powers the bot’s referral system, where users can earn a percentage of fees from successful transactions made by individuals they refer.

Conclusion

All bots have the same trading fee of 1% and provide a 10% reduction on fees for anyone using a referral link.

Referral commissions, however, vary from bot-to-bot with BONKbot providing the highest at 30% in the first month and Shuriken the least at 10%. For Shuriken users, however, there is a higher likelihood of receiving BLADE token airdrop which may make up for the gap in referral fee.

While Telegram crypto trading bots can help automate trades and enable users to snipe newly launched tokens, you still need to connect your wallet to the bot so that it can execute trades on your behalf. However, this means that the bot has access to your private keys, and may pose a security risk. To minimize your risks, you may choose to create a second wallet for trading with Telegram bots that holds a smaller amount of cryptocurrency for trading. 

This article is only for educational and informational purposes and should not be taken as investment advice or endorsement of the featured protocols. Always do your own research on any cryptocurrencies and protocols, and ensure you understand the risks involved.

Methodology

The Telegram bots evaluated in this article were chosen based on their popularity on X and the diverse features they offer. They are listed in descending order of their following on X at the time of writing.