How to dump $10k in seconds
💤 A trader tried to be a smartass and buy crypto first, at the moment of the token listing on the decentralized exchange Jupiter. However, due to low liquidity, for his $10,000 he got only 78 $PENGU tokens, worth about $5 ¯\_(ツ)_/¯
🗿Traders like this are called snipers. They find the token contract before the listing and use bots to buy up the tokens, so they can dump them after regular users buy in. This time the sniper missed and bought a token with an absurd cap of $14 trillion.