Binance Square
LIVE
LIVE
TopCryptoNews
--5.8k views
⭐️ 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. #meme #memecoins #memecoin🚀🚀🚀

⭐️ 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.

#meme #memecoins #memecoin🚀🚀🚀

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@TopCryptoNews

Explore More From Creator

🔥 Solana Price Prediction – Could Solana Regain Bullish Momentum And Push To $200? Solana has seen its price struggling to return to bullish levels for the past month. Solana previously reached $208 on March 18 after a strong price uptick spanning over five months. However, this cross over $200 was very brief as Solana dipped to $167 before reversing and reaching $203 again on April 1. Again, this cross over $200 was also brief and Solana has been on a downfall since then. Interestingly, the recent price level has put Solana on a 30% correction in the past six weeks. While this is a hard crash, Solana is now looking prime to resume its uptrend, with indicators now flashing bullish. 🔸 Solana To Regain Bullish Momentum? Solana’s parabolic price rise from October 2023 to April 2024 led to an overheated market that was bound to correct. This rise was mostly exacerbated by the surge in popularity of Solana meme coins and the general bullish crypto market greed spearheaded by Bitcoin. This uptick saw Solana briefly overtaking BNB in market cap rankings after fully displacing XRP and ADA. However, as the greed flipped to caution, Solana started to correct with the rest of the market. Solana dipped to a low of $120 on May 1 with the bulls defending this price support. According to a crypto analyst known pseudonymously as Inmortal, this was the last major price correction for Solana in the current market cycle. As a result, Solana now finds itself ranging around a minor support at $140. Per a SOL chart shared by Inmortal on social media, the crypto is now ready to march to a fresh all-time high of $320. Last dip ever Inmortal is not the only analyst predicting a bullish Solana move. Analysts Maximilian FX and Orson Fawley also believe Solana is ready to beat the $200 price mark again. 🔸 Price Levels To Watch For Solana’s Next Move At the time of writing, Solana is trading at $145, down over 30% from its yearly high of $208. After such a sharp drop Solana has created some key price levels to watch during its next big move. $SOL #SOL #Solana
--
⭐️ Here’s when the XRP price could hit $0.62 As Ripple Labs nears the conclusion of its legal battle with the U.S. Securities and Exchange Commission (SEC), the cryptocurrency community is closely monitoring the potential impact on XRP‘s price. With the lawsuit drawing to a close and key economic reports on the horizon, analysts are optimistic that a favorable outcome could push XRP’s price to $0.62. The culmination of Ripple’s prolonged SEC lawsuit, paired with the upcoming release of the Consumer Price Index (CPI) data on May 15, is poised to play a critical role in shaping XRP’s market valuation. As stakeholders anticipate the legal resolution and economic indicators, the market is speculatively poised for a shift from the current price range of $0.46 to $0.57, potentially reaching a higher stable level amidst regulatory clarity and economic stimuli. 🔸 Technical analysis and price movements Currently, XRP trades in a range between $0.46 and $0.57. This price band indicates a delicate equilibrium of supply and demand. A crucial observation was made on May 7 when XRP’s price dipped below the 20-day exponential moving average (EMA) of $0.52, signaling potential bearish dominance in the market. The next significant support level is at $0.46, where a robust defense by buyers could stabilize the price and prevent further declines. For a bullish scenario to emerge, XRP needs to sustain a breakout above the $0.57 resistance level. Such a movement would suggest that the market correction might be concluding, potentially setting the stage for an ascent towards the $0.62 target. 🔸 The role of CPI data in XRP’s price trajectory The upcoming Consumer Price Index (CPI) report, scheduled for May 15, is another critical factor to consider. Matthew Dixon, CEO of the crypto rating platform Evai, highlights that a weaker-than-expected CPI could act as a catalyst and awaken XRP, which he described as a “sleeping giant.” XRP has been lagging lately but like many other tokens, weaker CPI next week should awaken the sleeping giant and propel $XRP #XRP
--
🐋 Crypto Whales Sell $5.46 Million Worth of Tellor (TRB): Price Impact In a noteworthy series of moves by crypto whales, a total of $5.46 million worth of Tellor (TRB) tokens were recently moved to centralized exchanges. This indicates potential sales impacting the token’s market dynamics. The Tellor whales’ activities coincide with TRB’s significant price volatility, suggesting potential profit-taking. 🔸 Can TRB Hit $232 Despite Crypto Whales Selling? Spot On Chain, an on-chain analysis platform, tracked a significant transaction where a crypto whale wallet 0xf2b deposited 10,582 TRB (approximately $1.32 million) to Coinbase. The crypto whale made the transaction at a price of around $124. Previously, this wallet withdrew the tokens at an average price of $57.7. Hence, he will realize an estimated profit of $706,000—a 116% gain in nearly two months. Additionally, several other crypto whales replicated this pattern of buying low and selling high between early March and May 2024. 💬 “Lastly, please note that this is the sixth whale that withdrew TRB from Coinbase between early March and May and then deposited all tokens back to the CEX for profits in the past 3 days after the price surged up to 108%,” Spot On Chain said. For instance, another crypto whale wallet, 0xeb1, deposited 10,486 TRB (valued at about $1.38 million) to Coinbase. The crypto whale withdrew TRB at an average price of $76.59. He held the tokens for over two months, securing a profit of $581,000, representing a 72.4% return. Moreover, a third crypto whale wallet, 0xb4b, engaged in a similar strategy, selling TRB tokens worth approximately $1.4 million to achieve a profit of $488,000 (54.5%). Also, another crypto whale – 0xfac, deposited 10,375 TRB ( ~ 1.36 million) to Coinbase to realize an estimated profit of $461,000. These strategic trades underscore a common approach among crypto whales to maximize returns within relatively short trading periods. $TRB #TRB #Tellor
--
⚠️ Impact on Cryptocurrency Market Trends Recent turbulence in the financial markets, especially in the United States where efforts to combat inflation seem to be faltering, has had a pronounced effect on cryptocurrency investments and the Securities and Exchange Commission (SEC) has been increasingly active with new lawsuits in the crypto sphere. This shift has raised questions about the current status and the future direction of cryptocurrencies, particularly Bitcoin and altcoins. 🔸 Current Bitcoin Market Conditions Bitcoin’s price demonstrated a slight decrease over the last 24 hours, recording a price of $60,600 after a high of $61,190. The trading volume across exchanges dipped below $40 billion, indicating a potential hesitance among investors. This apprehension might lead to more pronounced losses in altcoins should Bitcoin’s price drop rapidly. 🔸 What’s Next for Altcoins? The market value of altcoins excluding the top ten has seen an 18% decline in the past month, dropping to a market cap of $264 billion. This substantial decrease highlights widespread panic selling among investors. Crypto analysts have mixed views, with some predicting a turn towards an upward trend soon based on historical market behaviors and key technical indicators like EMA20 and RSI. 🔸 Key Insights for Investors ▫️ Monitoring EMA20 and RSI for potential bullish signals in the altcoin market. ▫️ Paying attention to Bitcoin’s market dominance as its reduction might favor altcoins. ▫️ Considering the impact of SEC’s actions and macroeconomic factors on market sentiment. Analysts remain cautiously optimistic about a recovery, pointing to potential indicators that could herald the beginning of a rally. However, Bitcoin’s dominance at 54.7% needs to decrease to give room for altcoins to thrive. The market’s next moves will be critical in determining the trajectory for the near future of cryptocurrencies. $BTC #BTC #altcoins
--

Latest News

View More

Trending Articles

avatar
CoinEdition
View More
Sitemap
Cookie Preferences
Platform T&Cs