Sniper Bots and Rug Pulls: What You Need to Know

Rug pull happens when developers of a token suddenly withdraw all the funds, leaving investors with nothing. It’s a common scam, especially during new token launches.

How Sniper Bots Help Prevent Rug Pulls

Not all sniper bots are bad. Many have features to protect traders from scams:

• Smart Contract Scans: They check for risky code in tokens.
• Liquidity Monitoring: Bots can warn if liquidity is disappearing.
• Whitelist Trading: They stick to trusted tokens and projects.

Tips to Stay Safe

1. Use sniper bots with anti-rug pull features.
2. Check if the token’s liquidity is locked.
3. Start with small trades on new tokens.
4. Do your research and stick to trusted projects.

Sniper bots can be powerful tools when used carefully. 

Stay informed and use them wisely to avoid falling for rug pulls. Leave a comment for more discussion to develop a better sniper bot.