Sniping Bot
Automated software that buys a token in the first moments after launch, ahead of manual traders.
✦ Key Insight
On most public launches, the first several blocks are already taken. A manual buyer is frequently exiting liquidity for bots that bought seconds earlier.
✕ Common Misconceptions
Buying "early" on a chart that is already several minutes old. Check holder distribution in the first blocks before assuming you are early.
Detailed Explanation
In Practice
Dig Deeper
Wallet
Software or hardware that stores your private keys and lets you sign transactions.
Token
An asset created by a smart contract on an existing blockchain rather than being that blockchain's native currency.
Blockchain
A shared, append-only record of transactions maintained by many independent computers at once.
Transaction
A blockchain transaction is a signed or authorized instruction that changes blockchain state or transfers value when accepted by the network.