Common Errors
Common Errors in Solana Transactions
When trading on the Solana blockchain, you may encounter a few common errors. Below is a detailed explanation of these issues and how to resolve them:
Insufficient Funds for Transaction Fees
This error occurs when your wallet does not have enough SOL to cover transaction fees, tips (e.g., Jito Tips), and bot taxes.
Solution : Ensure your wallet has at least $2 as a minimum balance to handle all transaction-related costs. Double-check your wallet balance before initiating trades.
Slippage Error Due to Asset Volatility
Highly volatile tokens can cause price discrepancies between the time you initiate a trade and when it’s executed. If the price moves beyond your slippage range, the transaction will fail.
Solution : Set a higher slippage tolerance to accommodate rapid price changes. For extremely volatile assets, consider increasing slippage beyond the default range.
Network Congestion - Transaction Requires More Attempts
During periods of high network activity, transactions may fail due to congestion or insufficient priority fees.
Solution : Increase your Jito Tip or priority fee to give your transaction a better chance of being processed. You may also need to retry the transaction multiple times until it succeeds.
High Price Impact Alert
The bot will notify you if the price impact of your trade is too high, potentially leading to unfavorable execution prices.
Solution : Review the trade details carefully. If you’re confident in proceeding, you can bypass the alert, but be aware of potential losses due to high price impact.
Transfer Failed
Various reasons can cause this error, including:
The token contract has restrictions (e.g., max wallet limits, cooldowns, or sell limits).
Your wallet may be blacklisted by the token contract.
The token itself may be a honeypot, preventing transfers.
Solution : Verify the token’s legitimacy using tools like Solscan. Check for any restrictions or limitations imposed by the token’s smart contract.
Tips for Smooth Trading in Blink Bot
Always maintain a minimum balance of $2 in your wallet to cover fees and avoid disruptions.
Adjust slippage tolerance based on the volatility of the asset you’re trading.
During network congestion, increase your priority fee (Jito Tip) and retry transactions if necessary.
Be cautious of tokens with high price impact or suspicious contracts to avoid failed transactions.
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