Resisting Manipulative Bots in Memecoin Copy Trading: A Multi-Agent Approach with Chain-of-Thought Reasoning
- AIFin
The launch of \$Trump coin ignited a wave in meme coin investment. Copy trading, as a strategy-agnostic approach that eliminates the need for deep trading knowledge, quickly gains widespread popularity in the meme coin market. However, copy trading is not a guarantee of profitability due to the prevalence of manipulative bots, the uncertainty of the followed wallets' future performance, and the lag in trade execution. Recently, large language models (LLMs) have shown promise in financial applications by effectively understanding multi-modal data and producing explainable decisions. However, a single LLM struggles with complex, multi-faceted tasks such as asset allocation. These challenges are even more pronounced in cryptocurrency markets, where LLMs often lack sufficient domain-specific knowledge in their training data.
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