How to lose $10k in seconds

💤 A trader tried to be clever and buy crypto right at the moment of the $PENGU token listing on the decentralized exchange, Jupiter. However, due to low liquidity, he ended up with only 78 $PENGU tokens for his $10,000, which were worth about $5 ¯_(ツ)_/¯.

🗿 Traders like this are known as snipers. They find the token contract before the listing and use bots to buy up the tokens quickly, intending to sell them once regular users start buying in. This time, the sniper failed and bought into a token with a ridiculous market cap of $14 trillion.

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