LIBRA co-founder Hayden Davis doesn't deny that wallets associated with the project "snickered" over Memecoin launch - The Daily Hodl One of the co-founders of the controversial memecoin LIBRA has claimed that the project itself "snickered" the token
In #cryptocurrency trading, sniping refers to the use of trading bots or scripts to buy newly launched coins before major trades or individual traders enter the market. In a new #interview on YouTube channel
voidzilla Hayden Davis, co-creator of LIBRA, said that the associated project According to Davis, LIBRA had a separate vault to buy up tokens and outbid other investors.
We think of it as "sniping". That money is the project's money.
According to Davis, memecoin startup teams often practice sniping to "deter" others from entering the project early.
As for sniping, sniping
He explains that in order for a memecoin project to have a better chance of survival, it must dump its own coins, inflate its market value to a high enough level, and allow the market to absorb a large number of sell orders from big money investors. He explains that
LIBRA, a crypto project originally backed by Argentine President Javier Mairi, soared to a market value of more than $4 billion on the day of its launch, but lost more than 95% of its value on the same day. Mairi has since withdrawn his support for the crypto asset. Those behind the team, including Davis, are at the center of allegations of fraud and insider trading.
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