⭐️ How meme coin sniping works
Friends, hello everyone. I see your strong interest in meme coins, so let's understand more about the field of sniping. Let's go!
📑 Sniping is an attempt to frontrun (pre-purchase) any coin. It is extremely profitable, but at the same time dangerous and unpredictable type of earning.
For example, I have a contract of a coin that has not yet been
released to open trade. I naturally want to buy it first at the lowest price.
But my counterparty does not know the contract of this coin. He's sitting in X waiting for the announcement when I already have everything. By making a frontrunner I can use a bot to automatically buy the coin.
🐸 By making a frontrunner I can use a bot to automatically buy the coin as soon as it becomes available (literally in a second) and then sell it to the counterparty who will start buying it manually 1 minute after me.
All the snipers work is done through the bot. There are specific bots for each blockchain. Personally, we are trading on the Solana blockchain right now.