One of the co -founders of the controversial Memecoin libra says the project itself “sniper” immediately after the token was released.
In encryption transactions, SNIPING indicates the practice of purchasing a newly released coin ahead of the entry of a large or retail trader using a trading bot or script.
Snipers expect the trading volume to increase tremendously due to the arrival of other investors.
Libra’s co -producer Hayden Davis said in a new interview with the Voidzilla YouTube channel that he did not deny that the wallet connected to the project had a note on the day of its launch.
According to Davis, Libra had a separate finance to adhere to other investors of tokens and leaders.
“The money we think of ‘sniping’ is the money of the project.”
Davis says that the team after Memecoin is often practiced Snife to prevent others from entering early.
“From the point of view of the sniper, when we sniper, we are trying to avoid any other sniper.”
He explains that Memecoin projects need to sniff their coins to increase their market cap while increasing their market cap while increasing their market cap.
Libra, the first encryption project that Argentine President Javier Milei, has been backed up for the first time, has surged more than $ 4 billion on its launch date before losing more than 95% of the value of the same day. Milei later tracked support for encryption assets. People behind the team, including Davis, are in hot water in the rugs and internal rich trading accusations.
But Davis denies any mistake and says that the plan has disappeared miserably. He also said the team was $ 100 million in the project.
https://www.youtube.com/watch?v=EQIZJTBXAEM
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