๐ค ๐๐ก๐ $๐๐๐ ๐๐ฅ๐ฎ๐ง๐๐๐ซ: ๐ ๐๐๐ฌ๐ฌ๐จ๐ง ๐ข๐ง ๐๐ข๐ช๐ฎ๐ข๐๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ซ๐๐๐๐ฅน ๐ธ
In an attempt to outsmart the market, a traderโknown as a sniperโused bots to buy $PENGU tokens immediately after their listing on Jupiter, a decentralized exchange. However, with a mere $10,000, he received only 78 tokens worth about $5, thanks to the tokenโs low liquidity and an absurd $14 trillion cap. Sniping strategies rely on preemptively acquiring tokens before listings, aiming to dump them for profit once regular traders join in. But this incident highlights a critical lesson: greed and haste in illiquid markets can lead to devastating losses. Traders must prioritize due diligence, assess liquidity, and avoid chasing hype blindly to prevent such costly mistakes.