Originally published on X on November 7, 2026.
TLDR: Necessity is the mother of invention and we continue to see why Hot Bot is needed now more than ever. Here's the bad news, the good news, and what we've built so far with @usehotbot.
The Bad News
The problem that we started Hot Bot to solve is playing out on the crypto twitter timeline in real time.
This week, on-chain analysts published allegations that influencers promote coins from their public wallets while selling from hidden ones.
Shared chats of alleged paid celebrity promotions for memecoins.
Some of it is on-chain.
Some of it is screenshots.
I'm not here to personally judge anyone off of screenshots.
The reality is that none of it is new.
Easy money keeps going to the people who play dirty, publicly brag about using tools and methods to scam traders, and the people continue to pay for it.
The Snake Eating Its Own Tail
The current state of the market we are in right now is "Socialfi": community focused trading; or rather cosplaying as community trading, but this community is gated, and every trader outside is left to navigate trading from a losing position before they even enter a trade.
We have FnF allocations, cabals, bundled launches, vamps, and coordinated launches that all contribute to "the daily runners".
"Socialfi" made it easier than ever to copy a trader's wallet; and easier than ever for insiders to run these plays on the people copy trading them.
A handful of people post massive PnLs daily. Great. But what about everyone else? The reason we don't hear about them? They are quietly losing in a game that is rigged.
Our Responsibility
Commoditization of specialized trading intelligence for all.
Hot Bot's North Star: put intelligent trading technology in more traders' hands, so real economic upside is actually possible for more traders to achieve.
We are here to do our part to put an end to this cycle.
"But the wicked will be cut off from the land, and the treacherous will be uprooted from it." - Proverbs 2:22
The Good News
Necessity is the mother of invention, and crypto adapts.
Innovation, community and culture are what make crypto great, and they've always led to better markets.
Right now leaders across crypto, finance and tech are saying publicly where trading is going: agentic trading, powered by specialized models and proprietary data.
That's what we've been building.
1. Vlad Tenev, CEO of Robinhood, called agentic trading "the next big shift in how people invest", with AI doing the legwork and you in control of the final call.
2. Nikita Bier, former Head of Product at X, said the only moats left are proprietary data, network effects and a physical component.
3. Brian Armstrong, CEO of Coinbase, shared that an open model fine-tuned on Coinbase's own data beat frontier models on a specialized task, and that he expects specialist models to win more and more narrow tasks.
4. Y Combinator's latest crypto Request for Startups calls for agents that trade, which is almost exactly how Hot Bot works. We've applied.
5. Iqram Magdon-Ismail, co-founder of Venmo, told us: "This is what the future looks like and everyone will want it."
Nothing has changed for us.
This has been our vision since Day One; this is merely real time signal that we are headed in the right direction with the right intentions to meet the market where it's at and solve a real problem through technological innovation.
The Bigger Picture
Hot Bot makes trading possible for anyone.
No more blindly following influencers.
No more endless research, guessing when to buy and when to sell, or staring at charts all day.
With Hot Bot, setting up a strategy and improving it is as easy as having a conversation with a chatbot via voice or text.
The Highlights So Far
230 hand-selected users in our private beta, with 2,000+ more on the waitlist.
One of our beta traders is vlogging how he's getting his brother into crypto with Hot Bot.
We started Hot Bot just over a month ago, and our product has been live for just over a week.
What We Chose
We're bootstrapped, with no outside investment.
Max and I are both full-time, and we've put our own money in from day one.
We've turned down paid KOL deals and OTC deals that didn't fit our values, and reinvested everything we've earned.
Our changelogs, articles and videos are public, so anyone can watch us as we transparently build Hot Bot in real time.
Why the Gates Are Closed
"Boil a bathtub before you boil the ocean."
- Brian Chesky, the co-founder of Airbnb
We know there's an ocean sized market for what we're building.
We're taking a methodical approach to our rollout: Dial in the product with traders who love it first, then start to open it up to everyone.
We've seen companies even in the recent months build products users wanted, opened it up to everyone too soon, only for the product to break, for users to lose money, and the founders to ruin their reputation.
I am not at liberty to say whether it was intentional or a mistake, only that we are building with a long term vision in mind and will avoid making those mistakes.
What We've Shipped
Portfolios, our flagship for retail, shaped by early conversations with Iqram. Setting up an investment portfolio is as easy as having a conversation with a chat bot powered by our specialized model and proprietary data.
Tell Hot Bot what you're into, approve it, and it handles the rest.
On paper so far, Portfolios are up 80.9% in 23 days and 94.06 SOL ahead of just holding.
Strategies you build once and your team trades 24/7.
Set one up in a few clicks in easy mode, or customize everything in advanced mode.
"This feels like a game; I'm obsessed" -@vxn300
"It's amazing, one of the best tools I've used in crypto" -@paywithcryptos
RSISS suggests improvements you can apply in one click.
Hot Bot MCP, so you can plug your favorite AI into our specialized model and proprietary trading data.
ShieldBot: a sharper rug filter that flags 92%+ of rugs, and it runs before any other check.
A custom indexer and swap path that lands trades on chain in under 50ms, on our own stack.
And we continue to ship more updates every day.
In Closing (for now)
Our goal remains the same:
The commoditization of specialized trading intelligence, for all.
Economic freedom, actually open to everyone.
That's the future we are building.
I am a realist and an optimist.
There will always be bad actors in this space no matter what we do, but we still are called to do our part: which is to give traders technology to help them avoid scams, vamps, traps, and to build their own strategy for trading in this market.
We know that there are many frustrated traders, builders, and technologists who share our frustrations with the current market conditions, which is why we built Hot Bot.
@0xWhoismax and I stand to be a voice of reason against this nonsense.
Those who choose to stand with us:
Together with your help we will cleanse the trenches. 🔥🤖
Article written by me.
Disclaimer: Nothing here is financial advice. Memecoin trading is extremely risky and you can lose everything you put in. Hot Bot does not guarantee profits. Portfolios figures are paper results.
Elijah Paul, @elijahintek
Co-founder of Hot Bot. Scottsdale, AZ
God calls us to serve others. I try to live that in business and in life.
Also on elijahpaul.io
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