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As the practice of sniping gains notoriety among memecoin traders, various kinds of anti-sniping software have advertised safeguards as a way to attract buyers. Last week, memecoin BadCoin (BADAI) advertised the anti-sniping capabilities of Gra.fun that would supposedly help set its launch apart.  Unfortunately, the nascent software categorized even regular traders as snipers and disallowed their selling privileges, leading to a nearly immediate crash from the lucky few who could eject themselves from the project. Thoughts on $BADAI. Just imagine u go to an team who will protect you from snipers, that claims to be the best platform to launch and so on, and you end up with ''oops due to an error in the integration process, the protection filters on both LPs ended up crossblacklisting one… pic.twitter.com/QYReA6kK1i — Nobody. Player (@vivvvc) February 21, 2025 Sniping is a Wall Street term for brokers who executed orders at advantageous prices before comp...

One of the co-founders of the controversial memecoin LIBRA says the project itself “sniped” the token right after it rolled out. In crypto trading, sniping refers to the practice of using trading bots or scripts to buy a newly launched coin ahead of big transactions or the entry of retail traders. Snipers get their edge by buying early in anticipation of a massive spike in trading volume with the arrival of other investors. In a new interview on the voidzilla YouTube channel, LIBRA co-creator Hayden Davis says he does not deny that wallets linked to the project sniped the memecoin on launch day. According to Davis, LIBRA had a separate treasury dedicated to gobbling up the token and front-running other investors. “ That money that we consider ‘sniping’ is the project’s money.”  Davis says teams behind memecoin launches often practice sniping “to deter” others from getting in early. “From the standpoin...