These sniper portfolios operated mainly during trading hours in the United States, performing standardized and profitable strategies. The activity of unpaid bots has contributed to blurring their behavior, making it extremely difficult to isolation of these portfolios which are also able to adapt easily to new prevention measures. The snipers act freely on the same corners of Pump. However, the new Pine Analytics report has revealed new controversy about the platform, discovering systematic market manipulation. These snipes represent up to 1.75 % of all the launch activity on Pump.fun. “Our analysis reveals that this tactic is neither rare nor marginal – only last month, more than 15,000 profit soil carried out were extracted thanks to this method, on more than 15,000 launches involving more than 4,600 SNIPER portfolios and more than 10,400 deployers. These portfolios display unusually high success rates (87 % of the snipes were profitable), clean outputs and structured operational patterns, ”read the post. The deployers of the same corners on Pump.fun seem to follow a coherent scheme. They thus finance one or more sniper portfolios and give them notice of the launch of tokens to come. These portfolios buy tokens in the very first block and liquidate them almost immediately, up to 85 % in less than five minutes and 90 % in just one or two swap events. Figure: Profits of sniper wallets on pump.fun. Source: X/Pine Analytics The developers of the same corners on Pump. Fun use this tactic in order to create the appearance of an immediate request for their tokens. Individual investors, ignoring the preliminary sale, often buy these tokens after the action of Snipe, giving developers an unjust advantage. This constitutes market manipulation and erodes confidence in the Solana platform. Pine Analytics had to carefully calibrate his methods to identify the real snipers. According to the report, 50 % of the launches of the same corners on Pump.fun involve snipes, but most of these are probably bots that use the “Spray and Pray” method. However, by filtering snipers without direct links with developers’ portfolios, the company also missed projects that were able to cover their traces via proxys and burn portfolios. In other words, the community of the same corners does not have adequate defenses against systematic abuses on Pump.fun. There are some possible ways for the platform to point out recurrences and questionable projects, but adaptive countermeasures could allow them to be thwarted. This problem thus requires both persistent and proactive actions. Unfortunately, it can be difficult to implement effective preventive measures. Indeed, the sniping of the same corners is so systematic that Pump.fun could only fight it with a real commitment. Analysts, however, believe that developing an on-chain culture that rewards transparency rather than extraction would be the best solution in the long term. Such a change would be truly seismic, and the sector of the same corners may not survive it. Morality of history: a news on Pump.fun is not one if it is not scandalous. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.
