💤 𝐓𝐡𝐞 $𝟏𝟎𝐊 𝐁𝐥𝐮𝐧𝐝𝐞𝐫: 𝐀 𝐋𝐞𝐬𝐬𝐨𝐧 𝐢𝐧 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐚𝐧𝐝 𝐆𝐫𝐞𝐞𝐝🥹 💸

In an attempt to outsmart the market, a trader—known as a sniper—used 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 token’s 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.