Top 3 Solana Telegram Trading Bots
Solana has seen a surge in traffic as is currently seeking to congestion proof their chain. While all that is happening, the Telegram trading bot game is heating up.
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As a degen, one question rises from all of this. What Telegram trading bot is best when trading on Solana? Well you are in luck as in this article I will rank the top three trading bots on Solana and will also try to argument why I believe they are the best.
1. Trojan (old UniBot on Solana)
Access Trojan here (using this link will give you 10% off from your trading fees forver)
Trojan is the current market leader and for a good reason. It is (relatively) fast and has the most important trading features a trader might need. These include:
- Basic Buy/Sell Orders: Trojan allows users to place buy and sell orders directly through their Telegram Bot. Users can specify the token they want to buy or sell, the amount they wish to trade, and the desired price level.
- Limit Orders: With Trojan, users can set limit orders to execute trades at specific price levels. This feature enables traders to enter the market at their desired prices, helping them minimizing the need for constant monitoring.
- Dollar-Cost Averaging (DCA) Orders: DCA orders enable users to automate their investment strategy by regularly purchasing a specified amount of a particular token over time, regardless of price fluctuations. Trojan allows users to set up DCA orders, helping them accumulate assets gradually and potentially reduce the impact of market volatility
- Copy Trading: Trojan offers copy trading functionality, allowing users to copy-trade any solana wallet.
- LP Sniper (soon): this feature is currently in beta testing on selected users as of writing this article
- ETH-SOL Bridge: Trojan facilitates cross-chain trading between Ethereum and Solana blockchains through its ETH-SOL bridge feature. This allows users to access liquidity and trade assets across both ecosystems seamlessly. The bridge enables users to swap Ethereum-based tokens (ERC-20) with Solana-based tokens (SPL) and vice versa, expanding their trading opportunities and access to different blockchain networks.
Want to dive deeper into Trojan, its features and how to use it? Read my deep dive into Trojan.
Trojan is not without its faults. There are definitely faster ways to push transactions through than Trojan (Photon Sol for example), however none of the other trading bots out there combine these three factors quite like Trojan: trading options, copy-trading availability and Solana focus. That is why Trojan is the number 1 on on this list.
Links
- Website: https://trojan.app/
- Twitter: https://twitter.com/TrojanOnSolana
- Trading Bot (telegram): https://t.me/solana_trojanbot?start=r-samulik_590911 (Get 10 % off your trading fees by using my referral link)
2. BONKbot
BONKbot is definitely not too “feature rich” trading bot, but the simplicity of it is part of the beauty. It is created by the memecoin (BONK) community, for the community. However, BONKbot still has some nice features:
- Auto Buy: For traders looking to gain a speed advantage, BONKbot offers an Auto Buy feature, which allows immediate purchases upon pasting a token address, bypassing confirmation steps for faster transaction execution
- MEV Protection: In partnership with Jito Labs, BONKbot provides MEV protection, safeguarding transactions from front-running and ensuring traders receive the best possible outcomes
- Managing Positions: Post-purchase, BONKbot offers comprehensive tools for managing positions, displaying vital information such as current profit, market cap, price changes, and net profit after fees
- Deep Links: Facilitating ease of integration, BONKbot introduces deep links that directly connect users to specific tokens via referral links, enhancing the platform’s utility for community builders and content creators
- Security: Recognizing the paramount importance of security in the crypto space, BONKbot employs AES256 encryption to protect users’ private keys, ensuring a secure trading environment
Want to dive deeper into BONKbot, its features and how to use it? Read my BONKbot guide
Despite these features BONKbot lacks for example, limit orders, DCA orders and wallet copy-trading availability. But what BONKbot has what no other bot has is its focus and foundations that are deep into memecoins.
By trading with BONKbot, you are supporting meme culture through their unique Buy and Burn feature, which uses 100% of trade fees to purchase and burn $BONK tokens, supporting the ecosystem and reducing token supply.
So if you are after simplicity, community and pure memecoin ethos, BONKbot is for you and that is why it is number two on our list.
Links
- Website: www.bonkbot.io
- Twitter: https://twitter.com/bonkbot_io
- Documentation: https://docs.bonkbot.io/
- Trading bot: https://t.me/bonkbot_bot?start=ref_bwlvc
3. Photon Sol
I have three words for why Photon Sol is number three in our list: speed, speed and speed. Photon Sol is by far the fastest Telegram trading bot currently on the market, although it has some nice other features too:
- One-Click Trading: The platform allows for snipe buying and selling in a single click, bypassing the need for complex navigation or multiple steps to execute a trade.
- Real-Time Trading Data: Users have access to live pairs feed, trending page, and detailed token analysis, ensuring they can make informed decisions quickly.
- Advanced Trading Settings: Traders can customize slippage settings and prioritize fees to optimize their trading strategy and execution speed.
- Secure Wallet Integration: Photon Sol integrates seamlessly with Phantom wallet, providing a secure and convenient way to manage trading funds.
The speed doesn’t come without a cost. And that cost is 1 % transaction fee, meaning if you buy with 1 SOL, Photon Sol takes 0.01 SOL as a fee. So Photon SOL is expensive, but you do get some good value for money through the speed Photon offers. Although it has to be said that with the current Solana network speeds and congestion, no trading tool is bullet proof as it is the whole network that is slow.
Links and Documentation
- Website: https://photon-sol.tinyastro.io/
- Twitter: https://twitter.com/tradewithPhoton
- Documentation: https://pies-organization.gitbook.io/photon-trading/photon-on-sol
- Trading bot: https://photon-sol.tinyastro.io/@speedtrading
Conclusion
You should always choose the tools that fit your trading the best, hopefully this article helped you to make your decision, happy memecoining!
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