If you’ve snipped $WIF at launch, you’d turn $10 into $10,000,000. Memecoin snipers are predators of Solana wild world.
We’ve spent days learning and figuring out how to become one. Here’s How you can snipe memecoins on Solana.
1. Sniper bot
Using sniper bot will increase your chances to get in early by 100x. I will guide you through SolTradingBot , but there any many others : t.me/SolTradingBot – The bot is completely free. You just need to learn how to use it.
2. Set up of sniper bot
Head to settings and adapt them to your trading style.
We use next ones:
- 200% buy/sell slippage
- 100% Slippage Sniper
- 0.006 $SOL Tip SOL Buy/Sell
- 0.025 Tip SOL Sniper
Next, connect your SOL wallet if you haven’t done this before [Use freshly created wallet just to get rid of potential risks].
To snipe faster swap your $SOL into $WSOL. You can easily do this using “Wallets” button in bot.
After, click on “Token Sniper” button and paste CA of the coin you want to snipe. Select mode and SOL amount. Your order is then set up, and it will automatically buy the coin at launch. Often we do not know the contract address in advance, but we’ll get to that part below.
When Bot buy coins, it will show a window where you can manage your position. It’s better if you already know when to sell. But don’t worry if you don’t, I’ll cover this topic in next .
3. How to spot Gems before others
That’s actually the main part of making 1,000x on memecoins:
- You can follow whale wallets and copy trade them.
- Stay active here and find new projects accounts.
- Just stay Updated with Stockees.com , all you need.
There’s actually more UI advanced sniper bot called Photon : photon-sol.tinyastro.io
The main features for me are :-
- Audit Results.
- Wallets leaderboard.
- Convenient Interface with Quick Buy function.
We can use TradewithPhoton to spot coins that are coming up that have a timer on their LP.
The app will help you with risk identification :-
- LP not burned. That might be rug pool.
- Percentage% owned by Top 10 holders might be too high.
- Mint authority disabled.
High amount of SOL in LP
There are groups of ruggers that constantly launching memecoins with 100-150 $SOL in LP and pull out liquidity within 30 seconds of launch. If all of these points not confirmed, We feel that safely enough we can buy.
4. Remember Basic Rules
- Do not blindly buy all the coins that are launched, research for actual gems, That’s more profitable in the long run.
- Diversify – Don’t hold 30%-50% of your portfolio in a single memecoin.
- Don’t ape too much, There is always a chance scam.