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Solana Memecoins
Losing 0.002 Sol for every swap using jupiter

Hey,
I have been using Jupiter for a long time now, both the web app and the API.
I have swapped hundreds or thousands of times using their platform.

And even though my trades looked profitable I still somehow ended up losing money.

recently I discovered that I pay 0.002 Sol for each swap when swapping memecoins through jupiter routing when the following condition are met:

  1. It is a newly minted token, that haven’t migrated yet.
  2. It happens only for tokens I find on gmgn and not on pumpfun. (They might be off-chain ?)
  3. It only happens when the trades are routed through jupiter Metis v1.6 or OKX and It doesn’t happened when I route through DFLOW.

Now before you say it’s just the rent for opening the token account and I can collect it using sol incinerator, I can’t. I’m not the owner of the account so I can’t close it and even if it was closed I’m not the one that receives the funds back.
additionally sometimes it just transfers the funds to a token account.

I’ll provide a few examples:

  1. Buying a newly minted token I found on gmgn: https://solscan.io/tx/5RxUvC9obYYsJHHiXnx9P2GNDExzmEErtmBs8F4n3XzWj6FSWnBDCn3VHJXQg7BgYvka693bBQm7gBDNPZx3roe4

Instruction: #6.6 – System Program: transfer I transferred to token account HJdRCHhYFmAWwSudPD7Uftd4mseixzJ4igeTxnSa7wrh Which the owner is Pump.fun AMM: Protocol Fee 2

Then when selling this same token:

https://solscan.io/tx/3qirmxan9zBUhqgJ61mBtmDXL1TvWiXq6jBcHa3mi5gTKHktMh7Gqyh72SBfc9XmrcfgdoFHdo4XhqfKefrAsWgQ

I transferred 0.002 Sol to token account 7kkQ7LP9jPYxifC8XGrKqC3dQVocorAimBgvXi9YJT1A

  1. Bought a new token trending on GMGN
    https://solscan.io/tx/3pkNovcgJ3rFqpuxFEh5NH8tBoDsaybhpTHrFk4g84FZ5AbWniWofivHQr64sk8VkGDtL9c5314JRz3as9hoHDzH

transferred 0.002 Sol to account 51jnh8976ooNmBdPC3pn3hwNjJQBqa326phdkXVUTKRk

selling the same token:

https://solscan.io/tx/3aszHyy2FUZNjb4kiy3pGsqfc11bgb54MiN5gHpf3Zpdhq7WBovdKmNhpxssKWm2tyZERtbWFqL3VEzrEbJiUE8p

For some reason it didn’t happened here.

buying again the same token: https://solscan.io/tx/5NH8LUUwpxiNz1e5XCUgdhsXeNFWMSRDxvPLgC9AU2Hchz6KUWwa8YA51qBd5sygJk1RoZQhC4dQ1gryY4VPvNMc

Transferring 0.002 Sol to 2kyhDEBU3J3xe5epuh615y3o4LeA2WdzZvoX5X76kp3w

and lastly selling it again: https://solscan.io/tx/4V4HS8JAUnMhNMsn7rkpqmLsDtY5XYqVeJHJkvokZTQgwgejtHdnwKxipuCfmuWN1Ups4giKv1XMhda1R9Y4QwZ8

Transferring 0.002 Sol to ByfHV5oqheeWYgj1XmGxcJFSWVymmSXMBrHVJQ5nn9Bv

So basically I bought-sold-bought-sold

https://preview.redd.it/dwbvjmngxzkf1.png?width=303&format=png&auto=webp&s=4e1c708f08ca24ae65c391801fa885b94b47d4d3

https://preview.redd.it/ygkw6f8jxzkf1.png?width=693&format=png&auto=webp&s=817b323a77b19219389b8d05b017775d6a2074ed

Paid about 0.049$ in gas fees, but ended up with -0.0064 Sol / -1.32$ after just 4 swaps WTF?!

Seriously I have no idea why it happens, would really appreciate your help If you know a platform that also offers an API and doesn’t take this fee, or if you know to explain why I pay it.

Thanks!

submitted by /u/Miserable_Phrase6462
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