Hayden Davis’s maneuver before Javier Milei’s announcement on social networks: what is sniping

Hayden Daviscreator of the token $ Poundbought the cryptocurrency Moments before President Javier Milei promoted the same in its X and Instagram accounts. This is known as Snipingthat is, the practice of buying or selling digital assets in a short period of time, generally automatically, to take advantage of small price fluctuations.

Under this framework, Davis – who acknowledged using this method frequently – did it again for the Token who wrapped the Argentine president in a huge controversy.

According to the data, $ Libra was created at 18.38 of February 14, and only at 18.51 the pool of liquidity so that users could buy and sell it. According to the analyst Fernando Molinathis situation is particular because at that time it had only been added to the pool of liquidity $ pound and not USDC, which It meant that the Token did not have an assigned value yet.

At 19.01 the first purchases began, although the Token did not have real value. It is here where the analyst reflects and raises the reason for the acquisitions before the null value of it.

Thus, the report gives off that between 18:51 and 19:01, 87 purchases of $ pound were made from 74 different wallets, with a total of US $ 13.5 million inverted. Seconds later, there was Milei’s post, which fired the value of the cryptocurrency.

Under this context, Molina explains: “This detail can be verified through the Wayback Machine, since the tweet was erased shortly after publication. This confirms whatE Information about the Token not only reached investors before its official announcement, but it was a movement that benefited from anticipated access to sensitive data. As for tweet, although it was quickly eliminated, the impact on the market was immediate. “

This way, 62 of the 74 wallets that showed prior activity to the announcement managed to stay with significant profits, and among the ones that generated the most are two with US $ 8.5 million yu $ S6.5 millionrespectively.

What is Sniping

He Sniping In the world of cryptocurrencies it is a speculative strategy that seeks to obtain fast profits taking advantage of price movements in very short deadlines. This practice involves buying or selling cryptocurrencies at specific times when prices fluctuate, usually using automated bots that execute orders with a speed greater than human capacity. Traders who use the Sniping They usually focus on events such as launches of new tokens or lists in exchanges, where volatility and opportunities to obtain immediate benefits are high.

One of the more common forms of Sniping It is in the calls “Pump and Dump”where sudden increases are used in the value of a digital asset, and then sell it quickly before the price collapses. These movements, which are usually driven by rumors or last minute news, are closely followed by snipers, who seek to execute their orders at the exact moment to maximize their benefits. However, these types of practices can be harmful to the market, since it generates instability and risks for less experienced investors.

Although the Sniping It can generate fast profits, it is not exempt from risk. The high volatility of cryptocurrency markets, together with the competition between automated traders, makes opportunities ephemeral and difficult to predict. In addition, the use of bots of Sniping It can involve additional costs, such as the payment of transaction rates, which reduces the profits obtained. In the long term, investors that depend only on this strategy can be exposed to significant losses, especially if they do not have a deep understanding of the market and its fluctuations.