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Lone Sniper Hits $7 Million Jackpot, Trio of Traders Net $1 Million Apiece During SAVM Crypto Launch

January 22, 2024 | by stockcoin.net

lone-sniper-hits-7-million-jackpot-trio-of-traders-net-1-million-apiece-during-savm-crypto-launch

The recent launch of the satoshivm (SAVM) token saw three adept crypto traders, known as “snipers,” each earning a profit of $1 million, according to a report from Arkham Intelligence. These snipers are skilled in executing crypto trades with exceptional speed and precision, gaining a strategic advantage in the market. Leveraging automated trading bots, they set parameters for immediate purchasing upon a new token’s launch. The most proficient of the snipers achieved a staggering gain of over a million dollars in under 40 minutes. However, the use of sniper bots in crypto trading is a topic of controversy, raising concerns about market integrity and potential manipulative practices. Supporters argue that it is a groundbreaking approach that requires boldness, tactical skill, and significant investments to secure an advantage in the highly competitive crypto trading arena.

Lone Sniper Hits $7 Million Jackpot, Trio of Traders Net $1 Million Apiece During SAVM Crypto Launch

Lone Sniper Hits $7 Million Jackpot, Trio of Traders Net $1 Million Apiece During SAVM Crypto Launch

Crypto snipers managed to make some decent profits from the recent satoshivm (SAVM) launch, Arkham Intelligence detailed. Sniping, essentially refers to the practice of executing crypto trades with exceptional speed and precision to gain a strategic advantage. The strategy involves pre-setting parameters for immediate purchasing upon a new token’s launch and leveraging automated trading bots. According to market data from coingecko.com, SAVM came out the gate with an initial price of $6.83 per unit and it’s currently trading for prices between $9.48 to $14.13 over the past day.

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“When SAVM launched 2 days ago, over $3 [million] of ETH attempted to snipe the token as soon as liquidity was deployed.,” Arkham wrote on X this weekend. “It was a knife fight – with the top 3 most successful snipers all making over $1 [million] each, in under 12 hours. The largest sniping address, 0x278, bought 2 million SAVM for [$333,000], selling it over the next half an hour for a total of $1.7 [million].” Arkham added:

They needed to pay [$350,000] just in order to get their transaction into the block – but ended up making over a million dollars in barely 40 minutes.

Arkham detailed that the second-largest participant invested $220,000, placing them second in line and allowing them to acquire 450,000 SAVM tokens. This entity, however, incurred a significant expense of nearly $300,000 to pay the block builder for transaction inclusion. The blockchain intelligence firm noted that the trader made slightly over $1 million in total profits and the account still possesses SAVM valued at $120,000.

The last of the savvy sniping traders distributed their purchases among five different accounts, Arkham explained, each buying approximately 15 ETH. In total, this strategy involved an investment of 90 ETH to secure 191,000 SAVM tokens. Over the subsequent nine hours, these tokens were progressively sold, yielding 618.4 ETH, equivalent to $1.5 million. Researchers from Lookonchain further disclosed that another sniper made nearly $7 million in profit from sniping profits.

Lookonchain’s X account told the public that in a mere span of three hours, a single trader realized a staggering $6.77 million profit from trading SAVM. This individual leveraged the Bananagun trading bot and employed a substantial bribe fee of 141.66 ETH to secure the advantageous position of being the first purchaser of SAVM upon its opening day. The trader acquired 2.61 million SAVM, incurring a total expense of 277.66 ETH, which equates to approximately $681,000.

Crypto Snipers Strike Gold as Traders Earn Millions in SAVM Token Launch Frenzy

The recent launch of the satoshivm (SAVM) token proved to be highly lucrative for crypto snipers, with traders raking in millions of dollars in profits. This frenzy of activity highlighted the power and potential of sniping addresses, which execute trades at lightning-fast speeds to gain an edge in the market. With the use of automation tools and strategic precision, these snipers were able to capitalize on the SAVM token launch and generate substantial wealth in a short period of time.

Overview of Crypto Sniping in SAVM Token Launch

Crypto sniping involves the rapid execution of trades during a token launch, taking advantage of the initial price fluctuations to maximize profits. In the case of the SAVM token launch, snipers strategically set parameters for immediate purchasing and utilized automated trading bots to execute trades quickly and efficiently. This allowed them to secure advantageous positions and capitalize on the price volatility of the newly launched token.

Market Data on SAVM Token Launch

According to market data from coingecko.com, the SAVM token launched with an initial price of $6.83 per unit. Since the launch, the token’s price has fluctuated between $9.48 and $14.13 over the past day. These price fluctuations provided ample opportunities for snipers to generate substantial profits by buying low and selling high within short timeframes.

Knife Fight Among Snipers During SAVM Token Launch

The launch of the SAVM token saw intense competition among crypto snipers, with multiple traders vying for the most profitable positions. It was described as a “knife fight,” with the top three snipers each earning over $1 million in under 12 hours. This level of competition highlights the lucrative nature of sniping and the potential for significant financial gains in a short period of time.

The Success of the Largest Sniping Address

The largest sniping address, known as 0x278, achieved remarkable success during the SAVM token launch. They purchased 2 million SAVM tokens for $333,000 and sold them within half an hour for a total of $1.7 million. This impressive feat resulted in a profit of over $1 million in just 40 minutes. However, it’s important to note that this success came with a substantial investment, as they had to pay $350,000 to ensure their transaction was included in the block.

Profit and Expenses of the Second-Largest Participant

The second-largest participant in the SAVM token launch invested $220,000 and acquired 450,000 SAVM tokens. However, their success came at a cost, as they incurred nearly $300,000 in expenses to pay the block builder for transaction inclusion. Despite these expenses, the trader still managed to make slightly over $1 million in profits. Additionally, their account still holds SAVM tokens valued at $120,000, providing further potential for future gains.

The Last Sniping Trader’s Distribution Strategy

The last sniping trader employed a distribution strategy that involved dividing their purchases among five different accounts, each buying approximately 15 ETH. This strategy resulted in an investment of 90 ETH to secure 191,000 SAVM tokens. Over the course of nine hours, these tokens were gradually sold, yielding a total of 618.4 ETH, equivalent to $1.5 million. This demonstrates the effectiveness of strategic distribution in maximizing profits during a token launch.

Additional Sniper Profits from Lookonchain

According to Lookonchain, another sniper was able to generate nearly $7 million in profits from sniping activities during the SAVM token launch. This trader utilized the Bananagun trading bot and paid a bribe fee of 141.66 ETH to secure the first purchase of SAVM tokens. With an investment of 2.61 million SAVM tokens and a total expense of 277.66 ETH, they were able to achieve substantial profits. This highlights the potential for significant financial gains through strategic sniping strategies.

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Discussion on Crypto Sniping

The practice of crypto sniping has generated significant discussion within the trading community. While it presents opportunities for substantial profits, it also raises concerns about market integrity and potential manipulative practices. The use of automated trading bots and the rapid execution of trades can create an unfair advantage, potentially distorting prices and disadvantaging individual traders.

Supporters of sniping argue that it is a groundbreaking approach that involves risks not encountered by traditional traders. They emphasize the boldness and tactical skill required to navigate the unpredictable nature of the crypto market. However, critics raise valid concerns about the potential for market manipulation and the disadvantages faced by non-sniping traders.

Supporters and Critics of Crypto Sniping

The debate surrounding crypto sniping has given rise to both supporters and critics. Supporters argue that sniping addresses a gap in the market, allowing traders to take advantage of price fluctuations and generate significant profits. They argue that sniping requires expertise, sophistication, and the use of advanced tools, giving snipers an advantage in the highly competitive crypto trading environment.

On the other hand, critics of crypto sniping raise concerns about market fairness and the potential for manipulative practices. They argue that the use of automated bots and rapid trading strategies can distort prices and harm the integrity of the market. Additionally, non-sniping traders may find it challenging to compete with the speed and efficiency of snipers, disadvantaging them in the trading arena.

This ongoing discussion highlights the complexities and nuances of crypto sniping and the need for further exploration and regulation in this area. As the crypto market continues to evolve, it is crucial to strike a balance between innovation and market integrity to ensure fair and transparent trading practices.

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